Question
What is the basis of obtaining unsecured loans?

Answer

Unsecured loans are mostly given on the credit worthiness and capacity to pay of an entrepreneur.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

What do you mean by Extractive industry? Give examples.
Give examples of collapse due to failure to meet environmental challenges.
What is meant by E-Commerce?
There are many factors which affect an enterprise's capital structure. State anyone.
Till how long are the Authoritarian successful?
List the fields in which ‛Motivator‘ has business strengths.
Anurag, a textile industrialist, wants to buy a new printing machinery and its allied tools. Suggest for him, that before any finalising the same, what he should investigate first.
A young man was passing through a site of construction. He saw three labourers working at the site. He went to one of them and asked “What are you doing here?” The worker answered, Don't you see? I am making out a living. I am working to earn.”
The young man moved towards the second man and asked him the same question.
Pat came the reply Don't you see? I am constructing a wall”.
The young man moved towards the third man & repeated the question.
The labourer replied Don't you see? I am building a beautiful mansion”.
All the three were doing the same work, then what differentiates them?
An entrepreneur is regarded as an agent of progress in the society. Why?
Mr Vikram Singhal is a highly successful businessman, ranking among the top 10 industrialists of India. His company 'Singhal Group of Industries' operates in the fields of fertilizers, power generation and 3G network. His son Virat Singhal, after completing his management degree from Oxford, decides to join the family business. Which type of entrepreneur is Virat?