Q.5. What is meant be 'Fair Globalisation'?
Q.6. Why do banks ask for collateral while giving loans to the borrower?
Q.7. Both TISCO and Reliance are owned by which sector?
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Ans1. Fair globalisation means that the benefits of the globalisation must be shared by all equall.
Ans2 . Collateral is a guarantee to the bank so that if the borrower fails to repay the loan, the bank can sell the collateral and obtain the amounts.
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answer 3 I don't know
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5 ) fair globalization means creating opportunities for all and ensuring that the effects of globalization are shared better. or in other words the benefits of the globalization must be shared by all equally.
6 ) Collateral is a guarantee to the bank so that if the borrower fails to repay the loan, the bank can sell the collateral and obtain the amount.
7 ) Both TISCO and Reliance are owned by private sector.
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