Choose the most appropriate answer. (i) In a SHG most of the decisions regarding savings and loan activities are taken by

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Chapter 3 NCERT Class 10 Economics SOLUTIONS

13. Choose the most appropriate answer. (i) In a SHG most of the decisions regarding savings and loan activities are taken by

Question:

Choose the most appropriate answer.(i) In a SHG most of the decisions regarding savings and loan activities aretaken by

(a) Bank

(b) Members

(c) Non-government organisation

(ii) Formal sources of credit does not include

(a) Banks

(b) Cooperatives

(c) Employers

Answer:

(i) Members, (ii) Employers

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(All Q's of this Chapter solved)

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The following table shows people in a variety of occupations in urban areas. What are the purposes for which the following people might need loans? Fill in the column.

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What is the basic idea behind the SHGs for the poor? Explain in your own words.

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How does money solve the problem of double coincidence of wants? Explain with an example of your own.

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In situations with high risks, credit might create further problems for the borrower. Explain.

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Why do you think that the share of formal sector credit is higher for the richer households compared to the poorer households?

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Should there be a supervisor, such as the Reserve Bank of India, that looks into the loan activities of informal lenders? Why would its task be quite difficult?

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Why should credit at reasonable rates be available for all?

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What are the differences between formal and informal sources of credit?

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Tick the correct answer. (i) Over the years, Rama’s debt (a) will rise.

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

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Why will Arun have a higher income from cultivation compared to Shyamal?

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Compare the terms of credit for the small farmer, the medium farmer and the landless agricultural worker in Sonpur.

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Underline the various uses of credit in Sonpur in the above passages.

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List the various sources of credit in Sonpur.

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Fill in the blanks choosing the correct option from the brackets. While taking a loan, borrowers look for easy terms of credit.

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Given that a large number of people in our country are poor, does it in any way affect their capacity to borrow?

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What are the reasons that make Swapna’s situation so risky? Discuss factors – pesticides; role of moneylenders; climate.

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