Module: General Practice
Q3: When a bank provides a loan to a customer, what is the role of the bank in this relationship?
✅ Correct Answer: B
Creditor.
In a loan scenario, the bank is the creditor, providing funds to the customer.
This scenario is frequently tested in Banker Customer Relationship MCQs and relates to the Banking Regulation Act.
In a loan scenario, the bank is the creditor, providing funds to the customer.
This scenario is frequently tested in Banker Customer Relationship MCQs and relates to the Banking Regulation Act.