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Q.

Who gave loans?


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a

Moneylenders

b

The east India company

c

Diwans

d

None of the above 

answer is A.

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Detailed Solution

A person or organisation typically provides small personal loans at high-interest rates is known as a moneylender. In many instances, the risk involved justifies the high-interest rates they charge. They actively participate in lending to those who have less access to banking services, including the unbanked, underbanked, and borrowers with poor credit histories. They occasionally make loans to those who frequently accumulate debt, such as compulsive gamblers and shoppers.
 
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