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Curriculum-aligned learning paths for students in Classes 6-12.

CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

If a borrower defaults on a lo...

Single Answer MCQ
Q-00045463

If a borrower defaults on a loan, what may happen to their collateral?

1

It will be ignored by the lender

2

The lender may seize and sell the collateral

3

The borrower can keep it indefinitely

4

It will be converted into cash directly

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