Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q24: Which of these documents is most likely to define the specifics of a Creditor-Debtor relationship?

A
General ledger
B
Loan agreement
C
Deposit slip
D
Memorandum of Understanding
✅ Correct Answer: B
Loan agreement.
Loan agreements specify the terms of the Creditor-Debtor relationship.
Documentation is a key practical aspect of Banker Customer Relationship MCQs.