Chapter 3

NCERT
Class 10
Economics
Solutions
5. Can everyone in Sonpur get credit at a cheap rate? Who are the people who can?

Question:

Can everyone in Sonpur get credit at a cheap rate? Who are the people who can?

Answer:

Not everyone in Sonpur can get loans at affordable interest rates because availing bank loans at affordable interest rates requires a strong credit base which not everyone has. Those who can fulfill the requirements of the bank's proloan base and necessary paper forms, only they can get loans from the bank at affordable interest rates. This situation is not the situation of all the people of Sonpur.

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