Question

Fill in the blanks (i) Majority of the credit needs of the __________households are met from informal sources. (ii) __________costs of borrowing increase the debt-burden. (iii) __________issues currency notes on behalf of the Central Government. (iv) Banks charge a higher interest rate on loans than what they offer on __________. (v) __________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.

Answer 1

Answer:

(i) Poor (ii) High (iii) Reserve Bank of India (iv) Bank deposit (v) Collateral

Answer 2

Answer:

(i) Majority of the credit needs of the ___"poor"_______households are met from informal sources.

(ii) _____"High"_____costs of borrowing increase the debt-burden.

(iii) _____"RBI"_____issues currency notes on behalf of the Central Government.

(iv) Banks charge a higher interest rate on loans than what they offer on _____"Bank Accounts Deposits"_____.

(v) _____"Collateral"_____is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.