{"@context":"https://schema.org/","@type":"Quiz","dateCreated":"2024-12-16T10:11:22.447Z","dateModified":"2024-12-16T10:11:22.447Z","typicalAgeRange":"11-18","educationalLevel":"CBSE Class X","assesses":"Banking And Insurance - Loans","educationalAlignment":[{"@type":"AlignmentObject","alignmentType":"educationalTopic","targetName":"Loans"},{"@type":"AlignmentObject","alignmentType":"educationalSubject","targetName":"Banking And Insurance"},{"@type":"AlignmentObject","alignmentType":"educationalExam","targetName":"CBSE Class X"}],"name":"Quiz about Loans","about":{"@type":"Thing","name":"Banking And Insurance - Loans"},"hasPart":[{"@type":"Question","eduQuestionType":"Multiple choice","learningResourceType":"Practice problem","educationalLevel":"intermediate","name":"Question About Loans","text":"Principal amount and interest payment is obligation for:","encodingFormat":"text/markdown","comment":{"@type":"Comment","text":"\"\""},"suggestedAnswer":[{"@type":"Answer","position":0,"encodingFormat":"text/markdown","text":"

Lender

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

Bank

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":2,"encodingFormat":"text/markdown","text":"

RBI

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":3,"encodingFormat":"text/markdown","text":"

Borrower

","comment":{"@type":"Comment","text":"\"\""}}],"acceptedAnswer":{"@type":"Answer","position":3,"encodingFormat":"text/markdown","text":"

Borrower

","answerExplanation":{"@type":"text","text":"The borrower is the person or entity that takes a loan and has the obligation to repay the principal amount along with any interest accrued on it. The lender provides the funds."},"comment":{"@type":"Comment","text":"\"\""}}}]}

Principal amount and interest payment is obligation for:

The Correct Option is D

Solution and Explanation

Top Questions on Loans

Questions Asked in CBSE X exam