CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
5
You visited us 5 times! Enjoying our articles? Unlock Full Access!
Question

Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
Which of the following, according to the author, has/have been responsible for the encouragement of the culture of debt in the society lately?
A. The changing lifestyle which makes it impossible for a common man to sustain himself without debts and loan.
B. Breaking down of moral institutions which supported economic prudence.
C. Provision for easy availability of loans to every section of the society regardless of their ability to repay these.

A
Only A
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Only B
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
A and C
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
B and C
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
None of these.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Only B
Breaking down of moral institutions which supported economic prudence has been responsible for the encouragement of the culture of debt in the society lately.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Speculative and Precautionary Demands
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon