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Class 10
Social Science - Understanding Economic Development
Money and Credit
manav needs a loan to set up a small business on...

Question:
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.

Answer:

Manav will decide whether to borrow from the bank or the money lender on the basis of the following things:

- Comparison between the rate of interest charged by the two sources.
- Availability of the eligible documents required by the bank to approve his loan.
- Mode of repayment of the loan.

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Question:
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.

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Question: Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.

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Question:
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.