SSC Sample Paper SSC (Group-C) Sample Test Paper-10

  • question_answer
    Corporate loans are given to:

    A)  Limited Companies

    B)  Limited Individuals

    C)  Proprietary concerns

    D)  Limited Educational Institutions

    Correct Answer: A

    Solution :

     Corporate loans refers to a loan that is given to a company, rather than to a government organization or an individual person. These loans come in form of working capital finance facilities and term loans and are available to corporate bodies engaged in any legal activity with the object of making profit. Such bodies include the sole proprietorship firm. partnership firm. private limited company or a public limited company.


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