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Subjects
Class 11Home ScienceWork, Livelihood and CareerLife skills for livelihoodHardLevel 38

If a person takes a large loan without understanding family financial condition which skill is weak?

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Answer and explanation

Correct answer: Financial decision and risk assessment

Repayment capacity and risk should be checked before taking a loan. In exams connect loan decision with financial planning.

Tags

loanfinancial-decisionrisk-assessment

Frequently asked questions

What is the correct answer to this question?

Financial decision and risk assessment

Why is this the correct answer?

Repayment capacity and risk should be checked before taking a loan. In exams connect loan decision with financial planning.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Life skills for livelihood.

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