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Which of the following is generally granted for a longer duration in banking practice?

easy Q11 of 15
Banking Awareness - Basics Of Banking & Banking Terminology
Which of the following is generally granted for a longer duration in banking practice?
ALoan
BAdvance
COverdraft
DCash Credit
Step-by-Step Solution

  1. Step 1: Identify duration focus

    The question compares lending based on time period.

  2. Step 2: Apply banking definition

    Loans are typically granted for a fixed, longer duration.

  3. Final Answer:

    Loan → Option A

  4. Quick Check:

    Long-term financing is classified as a loan ✅
Quick Trick: Long-term requirement = Loan.
Common Mistakes:
  • Assuming all bank lending is short-term.
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