Read the information given below and select the correct option: 1
Raju takes a loan of 1 lakh from a bank for his production needs. He utilises the money
efficiently ,makes profit and repays the loan with interest on time as per the credit terms .
The role of credit in this scenario is
A. To help Mohan in the production
B. To help Mohan meet his basic needs
C. To increase the Liability on Mohan
D. To get interest income from Mohan
Answers
Answered by
5
To Help Mohan with his basic Needs
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Answered by
0
Answer:
b) To help Mohan meet his basic needs
Explanation:
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