Question

Mr Amit is an entrepreneur who runs his own unit of manufacturing notebook

& stationery in Assam due to flood he has lost his stock of worth Rs 800000. Now

he want to invest in his business again but unfortunately having deficit of it. Then

he decided to took a loan from bank but bank is demanding something as

collateral. What is collateral? What happens if a Mr Amit fails to repay the loan.(5)
class 10 chapter 3 economic

please answer in 5 marks​

Answer 1

Answer:

such fun dunno such dunno

Answer 2

Answer:

have to produce 2000 mask & pair of gloves in

one day which is just double the total output he producing earlier. Last year he

faced some losses in business, to cover the debt he took