Question

Manav need a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or money lenders? Discuss.

Answer 1

Answer:

He will able to pay the loan in significantly way through bank

Answer 2

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ᴍᴀɴᴀᴠ ᴡᴀɴᴛꜱ ᴛᴏ ꜱᴇᴛ ᴜᴘ ᴀ ꜱᴍᴀʟʟ ʙᴜꜱɪɴᴇꜱꜱ. ʜᴇ ɴᴇᴇᴅꜱ ᴛᴏ ᴋᴇᴇᴘ ᴛʜᴇ ʙᴇʟᴏᴡ-ᴍᴇɴᴛɪᴏɴᴇᴅ ᴛʜɪɴɢꜱ ɪɴ ᴍɪɴᴅ ᴡʜɪʟᴇ ᴅᴇᴄɪᴅɪɴɢ ᴡʜᴇᴛʜᴇʀ ᴛᴏ ʙᴏʀʀᴏᴡ ᴍᴏɴᴇʏ ғʀᴏᴍ ᴀ ʙᴀɴᴋ ᴏʀ ᴍᴏɴᴇʏ ʟᴇɴᴅᴇʀ:

1. ʜᴇ ɴᴇᴇᴅꜱ ᴛᴏ ᴄᴏᴍᴘᴀʀᴇ ᴛʜᴇ ɪɴᴛᴇʀᴇꜱᴛ ʀᴀᴛᴇ ᴄʜᴀʀɢᴇᴅ ʙʏ ʙᴏᴛʜ ᴛʜᴇ ʙᴀɴᴋ ᴀɴᴅ ᴛʜᴇ ᴍᴏɴᴇʏʟᴇɴᴅᴇʀ. ᴡʜᴏᴇᴠᴇʀ ᴄʜᴀʀɢᴇꜱ ʟᴇꜱꜱ ꜱʜᴏᴜʟᴅ ʙᴇ ʜɪꜱ ᴏᴘᴛɪᴏɴ.
2. ʜᴇ ɴᴇᴇᴅꜱ ᴛᴏ ᴀɴᴀʟʏꜱᴇ ᴡʜᴇᴛʜᴇʀ ʜᴇ ʜᴀꜱ ᴀʟʟ ᴛʜᴇ ᴇʟɪɢɪʙʟᴇ ᴅᴏᴄᴜᴍᴇɴᴛꜱ ʀᴇϙᴜɪʀᴇᴅ ʙʏ ᴛʜᴇ ʙᴀɴᴋꜱ ᴛᴏ ɢᴇᴛ ʜɪꜱ ʟᴏᴀɴ ᴀᴘᴘʀᴏᴠᴇᴅ.
3. ʜᴏᴡ ʜᴇ ᴡɪꜱʜᴇꜱ ᴛᴏ ʀᴇᴘᴀʏ ᴛʜᴇ ʟᴇɴᴅᴇʀ.