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  3. 10th Class
  4. Social Science

10th Class Social Science Sample Paper Social Studies - Sample Test Paper-7

  • question_answer
    Which one of the following is the appropriate meaning of collateral?

    A)  The amount borrowed from friends and relatives

    B)  It is an asset of the borrower used as guarantee to a lender

    C)  The amount of money lend by bank to a borrower

    D)  The total amount invested in a venture

    E)  None of these

    Correct Answer: B

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