Chapter 3

NCERT
Class 10
Economics
Solutions
1. 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.

Question:

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.

Occupations Reasons for meeting a loan
Construction worker
Graduate student who is computer literate
A person employed in government service
Migrant labourer in Delhi
Household maid
Small trader
Autorickshaw driver
A worker whose factory has closed down
  • Next, classify the people into two groups based on whom you think might get a bank loan and those who might not. What is the criterion that you have used for classification?

Answer:

Occupations Reasons for meeting a loan
Construction worker To meet living expenses
Graduate student who is computer literate To pursue higher education
A person employed in government service For an offspring’s wedding
Migrant labourer in Delhi To buy a house
Household maid To meet living expenses
Small trader To buy new machinery
Autorickshaw driver To buy an autorickshaw
A worker whose factory has closed down To meet living expenditure while still
unemployed
Those who might get a bank loan Those who might not get a bank loan
Graduate student who is computer literate Construction worker
A person employed in government service Migrant labourer in Delhi
Small trader Household maid
Autorickshaw driver A worker whose factory has closed down

Buy Latest Books

Teacher's Corner