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📝 SSC CGL📈 Economy

Medium-term loans are provided for a period of ______.

Q1 FREE PREVIEW
Medium-term loans are provided for a period of ______.
a1 year to 2 years
b15 months to 3 years
c15 months to 4 years
d1 year to 3 years
✓ Correct answer: d) 1 year to 3 years
ExplanationThe long-term loan can be cleared or repaid within a time limit of 20-30 years.Medium-term loans where settlements are made over a period between one and three years.The Short-term loan is basically for less than a year.Hence, the correct answer is “1 year to 3 years”.
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