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Which one of the following is a major reason that prevents the poor from getting loans from the banks? - Economics

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Question

Which one of the following is a major reason that prevents the poor from getting loans from the banks?

Options

  • Lack of capital

  • Not affordable due to high rate of interest

  • Absence of collateral security

  • Absence of mediators

MCQ

Solution

Absence of collateral security

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Chapter 7: Commercial Banks - Exercise [Page 145]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 7 Commercial Banks
Exercise | Q 16. | Page 145
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