MC39 Which of the following is a type of loan that is granted to businesses to finance their day-to-day operations?
A. Personal loan
B. Business loan
C. Housing loan
D. Working capital loan
Answer:D
MC39 Which of the following is a type of loan that is granted to businesses to finance their day-to-day operations?
A. Personal loan B. Business loan C. Housing loan D. Working capital loan
Explanation: A working capital loan is a type of loan that is granted to businesses to finance their day-to-day operations. The loan is meant to provide short-term financing to businesses to meet their working capital requirements, such as funding for inventory, accounts payable, and other operational expenses.