Home › Bihar Board Class 12 (Commerce) › Business Studies › Small Business › Which is risky because card interest is often se…
Which is risky because card interest is often several times a bank loan's rate?
ASelf-financing
BCredit card debt
CAngel investment
DBank overdraft
Answer & Solution
Correct answer: B. Credit card debt
Credit card interest far exceeds a bank loan or line of credit, so using it for business funding is dangerous.
Related questions
Which body officially designated MSME Day in 2017?MSME Day is observed globally onThe national level implementing agency of PMEGP is theThe Prime Minister Employment Generation Programme promotes self employment by setting upThe Khadi and Village Industries Commission was established byWhich service is provided by the Small Industries Development Organisation?In which year was the Small Industries Development Organisation established?The apex body for rules and laws on micro, small and medium enterprises in India is the