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Social Science · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 1 · Q19
Why do lenders often require collateral before lending loan? Choose the most suitable option from the following.
Why do lenders often require collateral before lending loan ? Choose the most suitable option from the following.
Official answer
(D)
To mitigate the risk of loan default.
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CBSE Class 10 Social Science past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.