Question

PACS prepare a proposal for total requirement of financial assistance from DCB for the coming year in advance and sends to DCB. Such a statement is called ---.

• A. credit limit statement
• B. financial requirement proposal
• C. annual budget report
• D. loan requisition statement

Answer 1

Answer:

A. credit limit statement

CREDIT LIMIT STATEMENT

• PACS availing financial assistance from DCB for every year.

• PACS prepare a proposal for total requirement of financial assistance from DCB for the next coming year in advance and send to DCB.

• Such statement is called credit limit statement.