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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

Why do lenders require collate...

Single Answer MCQ
Q-00045453

Why do lenders require collateral from borrowers?

1

To ensure the loan is repaid

2

To increase the loan amount

3

To avoid interaction with borrowers

4

To reduce interest rates

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What is the role of credit in economic development?

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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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Which of the following is NOT considered modern money?

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