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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-1

  • question_answer
    The practice of lending money to unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other traditional financial institution is called

    A)  P2P Lending                

    B)  B2B Transactions

    C)  P2P Investing               

    D)  PPP Model

    E)  C2C Transaction

    Correct Answer: A

    Solution :

     Peer-to-peer lending commonly abbreviated as P2PL is the practice of lending money to unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other traditional financial institution. This lending normally takes place online. The RBI has expressed concern over this type of financing.


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