Question : Which of the following is not a type of term loan?
Option 1: Short-term loan
Option 2: Medium-term loan
Option 3: Long-term loan
Option 4: None of the above
Correct Answer: None of the above
Solution : The correct answer is (d). None of the above
All options mentioned (short-term loan, medium-term loan, and long-term loan) are types of term loans. Term loans are loans provided by financial institutions or lenders for a specific term or period. The term can vary based on the loan's purpose and the agreement between the borrower and the lender. Short-term loans typically have a term of one year or less, medium-term loans have a term between one to five years, and long-term loans have a term exceeding five years. Therefore, the correct answer is option d). None of the above.
