The concept of 'Network Externalities' implies that:
A. The value of a good or service increases with the number of other users
B. Externalities are always negative
C. The value of a good decreases with the number of users
D. Only production externalities matter
Answer: Option A
Solution (By JKSSB Mock Tests)
Network externalities exist when the utility that a user derives from a good or service depends positively on the number of other users of the same or compatible goods.
Explanation:
As per RBI guidelines, a term loan is classified as NPA if interest or instalment of principal remains overdue for a period of more than 90 days.
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