Question:
Why is the offering of “teaser loans” by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub - prime lending and banks may be exposed to the risk of defaulters in future.
2. The teaser loans are given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/are correct?
Why is the offering of “teaser loans” by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub - prime lending and banks may be exposed to the risk of defaulters in future.
2. The teaser loans are given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/are correct?
1. The teaser loans are considered to be an aspect of sub - prime lending and banks may be exposed to the risk of defaulters in future.
2. The teaser loans are given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/are correct?
Updated On: Jul 31, 2024
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
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The Correct Option is A
Solution and Explanation
The correct option is (A): 1 only
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