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

When will use of credit in livelihood be considered prudent?

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Answer and explanation

Correct answer: When credit is linked with income-generating plan and repayment capacity

Prudent credit can grow livelihood but also has risk. In exams connect credit with planning.

Tags

creditlivelihood-planningrepayment

Frequently asked questions

What is the correct answer to this question?

When credit is linked with income-generating plan and repayment capacity

Why is this the correct answer?

Prudent credit can grow livelihood but also has risk. In exams connect credit with 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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