MC45 Which of the following is a type of loan that is granted to individuals for the purchase of a house or apartment?
A. Personal loan
B. Business loan
C. Housing loan
D. Education loan
Answer:C
MC45 Which of the following is a type of loan that is granted to individuals for the purchase of a house or apartment?
A. Personal loan B. Business loan C. Housing loan D. Education loan
Explanation: A housing loan is a type of loan that is granted to individuals for the purchase of a house or apartment. The loan is offered by banks and other financial institutions and is meant to provide financial assistance to individuals for the purchase of their own home.