What must a business plan for a bank loan show?
AThe ability to repay the loan
BThe colour of the head office
CThe number of cups of tea used
DThe height of the company sign
Answer & Solution
Correct answer: A. The ability to repay the loan
A bank wants proof that the business will be able to pay back the money, so the plan must demonstrate repayment ability.
Keep practising Building Blocks in Economics
Browse all Building Blocks in Economics questions for CBSE Class 9, or explore more Social Science topics.
Related questions
What is one way entrepreneurs can exploit opportunities?What does bootstrapping try to minimise?Which two thinkers defined entrepreneurship in terms of risk-taking?What do venture capital firms take for seed money?What do revenue-based financing lenders receive for growth capital?Which activity describes startup investing?What is an internal startup in a large company?When is a startup usually in its seed round?