Discussion :: IBPS BANK EXAM TEST 5
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'Sub Prime Lending' which was the root cause for global meltdown in banks during 2008 means___
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A.
Bank finance for non-productive activities |
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B.
Bank finance not property disclosed in its Balance sheet |
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C.
Bank finance in violation to the directives of the Central Bank |
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D.
Bank finance to fictitious entities |
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E.
Bank finance who don not qualify for the best market interest rates |
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Answer : Option A
Explanation :
Bank finance for non-productive activities
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