Question:
Loans payable in more than 5 years are called _____ term loans.
Loans payable in more than 5 years are called _____ term loans.
Updated On: Dec 16, 2024
- short
- very short
- long
- medium
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Loans with a repayment period of more than five years are categorized as long-term loans. These are typically used for large investments like purchasing property or fund ing major business projects.
Was this answer helpful?
0
0
Top Questions on Loans
Questions Asked in CBSE X exam
- Imagine you are a part of a 'Self Help Group' (SHG). Explain the working system of the Self Help Group (SHG) to the new member.
- CBSE Class X - 2025
- Money and Credit
- Suggest any two measures to ensure participation of women in public life.
- CBSE Class X - 2025
- Gender, Religion and Caste
- Name a metal found in the earth's crust:
(i) in free state and
(ii) in the form of its compound.
State where each of these metals are placed in the reactivity series of metals- CBSE Class X - 2025
- Light - Reflection and Refraction
- In a right triangle ABC, right-angled at A, if $\sin B = \dfrac{1}{4}$, then the value of $\sec B$ is
- CBSE Class X - 2025
- Trigonometry
- Why was the Indian subcontinent significant to trade networks before European intervention? Explain.
- CBSE Class X - 2025
- The Making of a Global World
View More Questions