n NISM Certifications
X NISM Series X
Medium

Which of these is an unsecured loan?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Home loan

  2. Personal loan

    Correct answer

  3. C

    Car loan

  4. D

    Gold loan

Why this is the answer

Personal loans are unsecured, not backed by collateral, unlike home, car, or gold loans.

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