Part 2: Answer ALL questions (2.5 Marks each) Q1. What factors must be taken into account by a bank in considering an application for an advance? Q2. What is creditworthiness and how can it be determined? Q3. Why do banks require a customer to contribute some of the capital required for a project? Q4. Distinguish between a loan and an overdraft. Q5. What are the advantages of a framework for credit and lending decision-making? Q6. What is credit analysis? What are the various steps involved in credit analysis of business loan? Q7. What are the different types of borrowers? Explain briefly. Q8. 'Lending is an art not a science'. Do you agree with this statement