Question

Mr Mohan is a businessman having a unit of manufacturing mask, gloves. Due

to access of sudden demand he 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 loan from bank also &

unable to repay so bank retained his security to cover the amount. Would bank

give loan to Mohan & if yes state terms & condition required? (5)




Class 10th chapter 3 money and credit economics​

Answer 1

Answer:

No, as there may be little faith on Mohan by bank.

Explanation: