Rahul should take a loan from a commercial bank, as it provides fair interest rates, legal security and transparent terms. This prevents exploitation often caused by moneylenders or traders.
Correct Option: (A) Commercial bank.
Read the information given below and choose the correct option: Rahul wants to buy a car but he does not have enough money. For this, he needs ₹ 1,00,000. From which of the following would it be appropriate for Rahul to take a loan? (A) Commercial bank (B) Moneylender (C) Relatives (D) Trader
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Rahul’s best option for a loan is a commercial bank because it offers loans with reasonable interest rates and proper documentation. Banks ensure transparency and financial safety, unlike moneylenders who may charge unfair rates. Borrowing from a bank promotes responsible financial planning and security for future repayment.
Correct Option: (A) Commercial bank.