India Exam Junction

13. For a period up to 12 months, which of the following is suitable:

  1. Short-term finance

  2. Mid-term finance

  3. Long-term finance    

  4. Year long finance

Correct Answer :

Short-term finance

Solution

Short-term finance is suitable for periods up to 12 months. It is typically used to meet immediate financial needs, such as working capital, inventory purchase, or other short-term obligations.

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