MC48 Which of the following is a type of loan that is granted to students for the purpose of financing their education?
A. Personal loan
B. Business loan
C. Housing loan
D. Education loan
Answer:D
MC48 Which of the following is a type of loan that is granted to students for the purpose of financing their education?
A. Personal loan B. Business loan C. Housing loan D. Education loan
Explanation: An education loan is a type of loan that is granted to students for the purpose of financing their education. The loan is offered by banks and other financial institutions and is meant to provide financial assistance to students who wish to pursue higher education in India or abroad.