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Class 10 Social Science Medium Mcq English Medium

What is collateral?

Question
What is collateral?
A bank account number
An asset used as security for a loan
A wage slip only
A tax receipt
Answer
An asset used as security for a loan
Detailed Explanation
"An asset used as security for a loan" is correct because it matches the relevant NCERT concept or factual point from this chapter. — Examisthan.com
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