Question

In backward areas, term loans for expansion or setting up a new unit are available at __________ . A. concessional terms. B. differential terms. C. standard terms. D. specific terms.

Answer 1

Answer:

A. Concessional terms

Answer 2

In backward areas, term loans for expansion or setting up a new unit are available at Option A concessional terms.

Explanation:

Meaning of concessional terms:

"concessional terms is the lower rate of interest for the development of the backward area."

• Concession is given to the lower class people.
• Backward area will be developed.
• Lower class people get the chance to set up the own business.
• Sometimes zero interest rate loan is also given to the person.

Government helps the economical backward region to develop.