General Studies · Decision Making
A nationalised bank disburses educational loans based on the following conditions. The candidate must: (i) Be a citizen of India. (ii) Have secured admission to an undergraduate course offered by an Indian University/Institute. (iii) Not have secured admission in a fully online degree course. (iv) Have secured at least 60% marks in the entrance examination for the course. (v) Have immovable property equivalent to the loan amount. However, if the applicant fulfills all conditions except: a) At (iii) above, the case may be referred to the Chief Manager of the Bank. b) At (iv) above, the case may be referred to the Academic Committee of the bank. Amarendra has secured admission to a private Indian University in Delhi for an offline undergraduate degree in Pharmacy. He holds a Scheduled Caste certificate issued by the Government of India and an Indian passport. He obtained 58% marks in the entrance examination for the course. If he applies for the loan, what action will the bank take?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sanction the loan.
- 2Forward his application to the Academic Committee of the bank.✓
- 3Forward his application to the Chief Manager of the bank.
- 4The data provided is inadequate to take a decision.
Correct answer
Forward his application to the Academic Committee of the bank.
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