Anand
28 July 2025
- Money borrowed from a bank or a person is called ____.
- A. Tax
- B. Gift
- C. Interest
- D. Loan
- Answer: D
- What is the benefit of paying money regularly for an insurance plan?
- A. It provides free entertainment.
- B. It covers travel expenses.
- C. It helps us manage emergency situations.
- D. It increases monthly savings.
- Answer: C
- The extra amount we pay for borrowing money is ____.
- A. Loan
- B. Interest
- C. Hidden charges
- D. Processing charges
- Answer: B
- Rita wants to complete her higher education from a good university. Which loan should she apply for?
- A. Home loan
- B. Personal loan
- C. Education loan
- D. Auto loan
- Answer: C
- Priya wants to purchase a bike. Which loan should she apply for?
- A. Home loan
- B. Personal loan
- C. Education loan
- D. Auto loan
- Answer: D