As per section 15B of the National Accountability ordinance, 1999 any person apply for or be granted or allow any financial facilities in the form of any loan of advanced or other financial accommodation by any Bank of Financial institution owned or controlled by Government for a period of______________________?
Correct answer: C. Ten years
- A. Seven years
- B. Fourteen years
- C. Ten years
- D. None of above
Explanation
Section 15-B imposes a ten-year restriction on obtaining government-owned or government-controlled banking or financial facilities after the relevant accountability finding. The restriction is therefore longer than seven years but does not extend to fourteen years.
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