Chapter 3

NCERT
Class 10
Economics
Solutions
12. Fill in the blanks: (i) Majority of the credit needs of the ________________households are met from informal sources.

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 theCentral 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 aguarantee until the loan is repaid to the lender.

Answer:

(i) Poor, (ii) Highest, (iii) Reserve Bank of India, (iv) Deposits, (v) Collateral

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