Economics · Financial Management
Which of the following are asset-related covenants typically adopted by financial institutions while granting a loan? (a) Maintenance of working capital position in terms of a minimum current ratio (b) Prohibition on disposal of promoters' shareholding (c) Restriction on creation of further charge on assets (d) Ban on sale of fixed assets without the lender's concurrence Select the most appropriate option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(b), (c) and (d)
- 2(a) and (d)
- 3(a) and (b)
- 4(a), (c) and (d)✓
Correct answer
(a), (c) and (d)
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