Question:
Fill in the blanks:
- Majority of the credit needs of the __________households are met from informal sources.
- __________costs of borrowing increase the debt-burden.
- __________issues currency notes on behalf of the Central Government.
- Banks charge a higher interest rate on loans than what they offer on __________.
- _________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
Answer:
(i) Poor
(ii) High
(iii) Reserve bank of india
(iv) Deposits
(v) Collateral
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Popular questions of class 10 Social Science - Understanding Economic Development
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