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Question Practice

What is the principle behind earning interest on loans?

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

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Banks and the Magic of Finance
Question Bank

What is the principle behind e...

Single Answer MCQ
Q-00131394

What is the principle behind earning interest on loans?

1

Charging customers low rates

2

Lending at a rate higher than savings

3

Offering free loans to all

4

Distributing profits evenly

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