Why is the offering to Teaser Loans by commercial banks a cause of economic concern ?
1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in futures.
2. In India, the teaser loans are mostly given to inexperienced enterpreneurs to set up manufacturing of export units.Which of the statements given above is/are correct ?

Options

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2

Answer

A