ibps-so 2018 · Question 195 of 356

Statement : A considerable number of the borrowers of a rural branch of a bank have failed to pay the instalments of their crop loans upon the due dates of the present season, the district in which the branch is situated having received far less rainfall than the normal for the season. Courses of action : I. The bank should immediately commence recovery proceedings against every one of the defaulting borrowers and should proceed to attach the land held by them. II. The bank should examine the cases of the defaulting borrowers one by one and should, wherever the default is found to be attributable to the failure of the rains, consider the restructuring of the loans in accordance with the guidelines laid down for areas a ected by a natural calamity.

1. AOnly course of action I follows
2. BOnly course of action II followsCorrect
3. CEither course of action I or course of action II follows
4. DNeither course of action I nor course of action II follows
5. EBoth course of action I and course of action II follow