Question

Q.
Why is it difficult taking a loan from bank than taking a loan from informal source?
(a) Bank does not know the borrower.
(b) Bank loan requires proper documents and collateral.
(c) Banks often harass the borrowers.
(d) d. Informal sources provide loans at cheaper rates.​

Answer 1

Answer:

b) .

the answer

hope it's helpful

Answer 2

Hi Mate,

The correct answer to your question is option (B) BANK LOAN REQUIRES PROPER DOCUMENTS AND COLLATERAL.

Good Day...!!