In India, banks cannot do hire purchase business without the permission of

Related MCQs

• In India, Banks are permitted to carry on Hire purchase business
• In hire purchase depreciation can be claimed by the
• Hire Purchase Act passed in the year
• ............... supplies machinery to small scale industries under hire purchase system.
• In hire purchase, till the payment of last instalment, amount paid by hirer is treated as
• In hire purchase, who can be enjoying salvage value of asset?
• The features of hire purchase:
• The saving banks, insurance companies, mutual funds and commercial banks are all examples of –
• ………….banks are known as local area banks.
• …………….banks can borrow from the Reserve Bank of India based on the eligible securities or get the financial assistance in times of need by rediscounting bills of Exchange.