Following are the conditions for granting an advance of Rs. 10 lakhs to the farmers for purchasing tractor, by a Gramin Bank.
The farmer must
(i) have at least five acres of cultivable land.
(ii) be able to produce collateral of at least Rs. 8 lakhs.
(iii) not be more than 50 years old as on 1.12.2024.
(iv) not have any outstanding unpaid loan from the bank.
(v) be able to produce a recommendation letter from the Panchayat Pradhan.
In the case of a farmer who satisfies all other criteria except
(A) at (i) above, but is able to cultivate more than one crop in each piece of land, the case is to be referred to the Chairman of the bank. (B) at (iv) above, but has Fixed Deposits of at least Rs. 4 lakhs with the bank, the case is to be referred to the General Manager of the bank. In each question below, detailed information of one farmer is given. You have to carefully study the information provided in each case and take one of the following courses of actions based on the information and conditions given above. You are not to assume anything other than the information provided in each question.
All these cases are given to you as on 1.12.2024. You have to indicate your decision by marking answers to each question as follows: (A) if the advance is not to be granted
(B) if the case is to be referred to the General Manager of the bank
(C) if the case is to be referred to the Chairman of the bank
(D) if the advance is to be granted (E) if the data is insufficient to decide
Vilas Deshmukh was born on 3rd February, 1975. He has six acres of cultivable land. He has submitted a recommendation letter issued by Panchayat Pradhan. He can pledge collateral of more than Rs. 8 lakhs. He doesn't have any unpaid loan from the bank.
- A
- B
- C
- D
- E
The Correct Option is D
Solution and Explanation
Concept: Decision-making based on conditions.
Step 1: Check all conditions.
- (i) Land $\geq 5$ acres $\rightarrow$ 6 acres \checkmark
- (ii) Collateral $\geq$ Rs.\ 8 lakhs $\rightarrow$ \checkmark
- (iii) Age $\leq 50$ years (on 1.12.2024): \[ 2024 - 1975 = 49 \ (\text{approx}) \Rightarrow \text{valid} \] \checkmark
- (iv) No unpaid loan $\rightarrow$ \checkmark
- (v) Recommendation letter $\rightarrow$ \checkmark
(iv) No unpaid loan →
(v) Recommendation letter →
Step 2: Apply rules.
All required conditions are satisfied.
Step 3: Final decision.
Advance is to be granted.
Step 4: Final answer.
Thus, option D.
Mahipal Rana was born on 8th March, 1975. He can produce a recommendation letter from the Panchayat Pradhan. He does not have any outstanding loan. He has fixed deposits of Rs. 5 lakhs in addition to his collateral of Rs. 8 lakhs. He has four acres of cultivable land with only one crop.
- A
- B
- C
- D
- E
The Correct Option is A
Solution and Explanation
Concept: Decision-making based on given conditions.
Step 1: Check conditions.
- (i) Land $\geq 5$ acres $\Rightarrow$ only 4 acres $\times$
- (ii) Collateral $\geq$ Rs.\ 8 lakhs $\Rightarrow$ \checkmark
- (iii) Age $\leq 50$ years: \[ 2024 - 1975 = 49 \Rightarrow \text{valid} \] \checkmark
- (iv) No unpaid loan $\Rightarrow$ \checkmark
- (v) Recommendation letter $\Rightarrow$ \checkmark
Step 2: Apply special conditions.
Condition (A): If land is less than 5 acres but farmer can cultivate more than one crop → refer to Chairman.
Here, only one crop is cultivated → condition not satisfied.
Step 3: Final decision.
Since minimum land condition is not met and no exception applies, advance is not granted.
Step 4: Final answer.
Thus, option A.
Rishi Thakur was born on 5th June, 1976. He has obtained a recommendation letter from the Panchayat Pradhan. He has eight acres of cultivable land and pledge collateral of Rs. 8 lakhs in addition to his fixed deposit of Rs. 6 lakhs. He has an outstanding loan of Rs. 4 lakhs.
- A
- B
- C
- D
- E
The Correct Option is B
Solution and Explanation
Concept: Decision-making with exception rules.
Step 1: Check conditions.
- (i) Land $\geq 5$ acres $\Rightarrow$ 8 acres \checkmark
- (ii) Collateral $\geq$ Rs.\ 8 lakhs $\Rightarrow$ \checkmark
- (iii) Age $\leq 50$ years: \[ 2024 - 1976 = 48 \Rightarrow \text{valid} \] \checkmark
- (iv) No unpaid loan $\Rightarrow$ has loan $\times$
- (v) Recommendation letter $\Rightarrow$ \checkmark
Step 2: Apply special condition.
Condition (B): If outstanding loan exists but Fixed Deposit $\geq$ Rs.\ 4 lakhs → refer to General Manager.
Here, FD = Rs.\ 6 lakhs → condition satisfied.
Step 3: Final decision.
Case is to be referred to the General Manager.
Step 4: Final answer.
Thus, option B.
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