If the banker defaults in honoring of right cheque or wrongly refuses the payment of cheques without any valid reason,

a.

The banker has no obligation to compensate the customer for any loss or damage of reputation and business.

b.

Neither the banker nor the customer has to compensate for any loss.

c.

The banker has to compensate the customer for any loss or damage of reputation and business.

d.

The Customer has to compensate the banker for any loss or damage of reputation and business.

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Commercial banks in Oman keeps the voluntary deposits with the Central Bank of Oman, these commercial banks avails the

a.

Facilities of right change the amount of share capital

b.

Facilities of getting legal advises for day to day activities

c.

Facilities of customer support and services

d.

Facilities offered by the Central Bank for inter banking settlements

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Mohsin Haider Darwaish have good relations with banks. They have availed many services from banks for the business. They enjoy a high credit rating due to trustworthy and sound relationships with banks. Situation created due to COVID 19, they are going through financial crisis. They have requested the bank to provide them a loan, which loan do you think bank should advance to Mohsin Haider Darwaish?

a.

Line of credit

b.

Loan participation

c.

Term loans

d.

Working capital loans