Teaching UP PGT Mock Test Series 2024 Business Studies Foundation of Business Business Services

A life policy for the face value of Rs. 1 lakh has paid up value of Rs. 25000/- and surrender value of Rs.20000/-. What is the maximum amount that bank shall advance, keeping a margin of 10% ?

1

Rs. 18000

2

Rs. 80000

3

Rs. 20000

4

Rs. 12000

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