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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY1 Mark
MCQ
What does the bank do, if a borrower is not able to pay back his loan?
  • A
    Incur loss and let go off the borrower
  • ✓
    Uses the security to recover the dues.
  • C
    Files a police complain
  • D
    Includes $RBI$ in the loop
✓

Answer

Correct option: B.
Uses the security to recover the dues.

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