10th Class Social Science Money and Credit

  • question_answer 18) Tick the correct answer.   (i) Over the years, Rama's debt   (a) will rise. (b) will remain constant. (c) will decline. (ii) Arun is one of the few people in Sonpur to take a bank loan because   (a) other people in the village prefer to borrow from the moneylenders. (b) banks demand collateral which everyone cannot provide. (c) interest rate on bank loans is same as the interest rate charged by the traders.  

    Answer:

    (i)(a) will rise.   (ii)(b) banks demand collateral which everyone cannot provide.

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