Economics · Banking in India
To which type of consumers or borrowers do banks extend "Subprime Lending"?
- 1Large corporate entities executing infrastructure projects
- 2Small and medium micro-enterprises looking for collateral-free loans
- 3Borrowers with stable income and excellent credit scores
- 4Borrowers with weak credit history and higher default risk✓
Correct answer
Borrowers with weak credit history and higher default risk
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