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प्रश्न
What are the disadvantages of borrowing from commercial banks?
उत्तर
- Finance is available for short periods. Extension or renewal of a loan is difficult and uncertain.
- The procedure for raising finance is cumbersome as banks make detailed investigations of the borrower's business.
- Banks insist on personal guarantees and security of assets.
- Banks many put restrictions on the sale of mortgaged goods, causing difficulties for businesses.
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संबंधित प्रश्न
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