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Subjects
Class 11Home ScienceWork, Livelihood and CareerWork, careers and livelihoodHardLevel 5

What is most important to check before taking a loan for livelihood?

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Answer and explanation

Correct answer: Interest terms repayment capacity and purpose

A loan is useful when terms and repayment capacity are clear. In exams connect loan with financial planning.

Tags

loanfinancial-planninglivelihood

Frequently asked questions

What is the correct answer to this question?

Interest terms repayment capacity and purpose

Why is this the correct answer?

A loan is useful when terms and repayment capacity are clear. In exams connect loan 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: Work, careers and livelihood.

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