Banking · Managerial Appraisal
When assessing managerial competence under the Lenders Appraisal Procedure, which factor provides the most reliable evidence of a promoter's capability to navigate economic downturns?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The professional qualifications of junior administrative staff
- 2The track record of promoters in managing past ventures and their integrity in credit dealings✓
- 3The metric of followers on the enterprise's official social media handles
- 4The geographical venue selected for holding the annual general meetings
Correct answer
The track record of promoters in managing past ventures and their integrity in credit dealings
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