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प्रश्न
Why do lenders often require collateral before lending loan? Choose the most suitable option from the following.
पर्याय
To lower interest rates for borrowers.
To establish personal relations.
To increase their profit margins.
To mitigate the risk of loan default.
MCQ
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उत्तर
To mitigate the risk of loan default.
Explanation:
Collateral provides security against loan default, reducing the lender's risk.
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