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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

What is a common consequence o...

Single Answer MCQ
Q-00045417

What is a common consequence of a borrower defaulting on a loan?

1

The bank loses all its capital.

2

The borrower will always recover.

3

The bank may seize collateral or enforce penalties.

4

Loans become interest-free.

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