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MA
Question Practice

Which of the following is a disadvantage of borrowing from informal lenders?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

Which of the following is a di...

Single Answer MCQ
Q-00015896

Which of the following is a disadvantage of borrowing from informal lenders?

1

They offer loans without collateral

2

They often charge higher interest rates

3

They provide more flexible repayment options

4

They can help build credit history

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Q1.

What is the role of credit in economic development?

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Q2.

Explain the concept of formal and informal sources of credit.

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Q3.

What is the primary function of modern money?

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Q4.

Which of the following is NOT considered modern money?

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