AI Mentor

Check Your IQ

Free Expert Demo

Try Test

Courses

Dropper NEET Course Dropper JEE Course Class - 12 NEET Course Class - 12 JEE Course Class - 11 NEET Course Class - 11 JEE Course Class - 10 Foundation NEET Course Class - 10 Foundation JEE Course Class - 10 CBSE Course Class - 9 Foundation NEET Course Class - 9 Foundation JEE Course Class -9 CBSE Course Class - 8 CBSE Course Class - 7 CBSE Course Class - 6 CBSE Course

Offline Centres

Q.

The high cost of borrowing leads to borrowers having less income for themselves.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

a

True

b

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

Detailed Solution

The above statement is true.
Usually, it is the informal lenders that charge high rates of interest. It makes the cost of borrowing loans for an individual higher. This higher cost of borrowing leads to less disposable income as a larger part of the salary of a borrower is spent on repayment of the loan. Disposable income is the income which is left for consumption after all the dues have been paid. In a few cases, the interest amount can even exceed the borrower's income. This might lead to the problem of increasing debt and a debt trap.

Watch 3-min video & get full concept clarity

courses

No courses found

Related Blogs

Get ₹ 1 crore* worth scholarship for JEE / NEET / Foundation

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

Related Blogs

Get ₹ 1 crore* worth scholarship for JEE / NEET / Foundation

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE

best study material, now at your finger tips!

live classes
progress tracking
24x7 mentored guidance
study plan analysis

download the app

gplay

mentor

Download the App

gplay

personalised 1:1 online tutoring