Home › Bihar Board Class 12 (Commerce) › Business Studies › Sources of Business Finance › A bank loan does not need which formality?
A bank loan does not need which formality?
ALoan application
BIssue of prospectus
CInterest payment
DSecurity deed
Answer & Solution
Correct answer: B. Issue of prospectus
Prospectus and underwriting are needed for public issues, not for bank loans.
Related questions
Which is true of the choice of a source of funds?Short-term financing mostly funds which kind of asset?Besides finance, development institutions also provide what?Financial institutions mainly meet which type of requirements?Government financial institutions are also called what?Before sanctioning a loan, a commercial bank requires the borrower to do what?A merit of bank loans is that business secrecy is what?Which is a form of bank credit to firms?