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Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit1 Mark
MCQ

Loans from banks and cooperatives are called:

  • A
    Mixed loans.
  • B
    Term loans.
  • C
    Formal loans.
  • D
    Informal loan.
✓

Answer

  1. Formal loans.

Explanation:

They are called formal loans.

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