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Full Marks: 50 Time:
1. STEP stands for _____________________ conditions.
a. Social. Technological, Economic and Political
b. Social. Technical. Environmental and Political
c. Social. Technical. Economic and Political
d. Social. Technological. Environmental and Political
2. A borrower may assign the following as security to an advance, except
a. B00k debt
b. Life insurance policies
c. Money due from government department
d. Share certificates
3. Advance granted against the security of goods is also known as _______ .
a. Secured advance
b. Trade finance
c. Working capital finance
d. Short term finance
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