Borrowing made to meet expenses for the organisation of a wedding will be classified as type of borrowing.

small-amount

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non-productive

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long-term

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long-term capital

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Solution

The correct option is B non-productive
Borrowing to meet expenses for a wedding is a non-productive borrowing, as the borrowing is not made for an investment purpose.

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Similar questions

Treasury Bill is basically

(a) An instrument to borrow short-term funds.

(b) An instrument to borrow long-term funds.

(d) None of the above.

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