EXERCISES
Jharkhand Board Social Science Solutions for EXERCISES
Simple step-by-step solutions to EXERCISES questions of Money and Credit from Understanding Economic Development (Social Science). Also get 3D topic explainers, cheat sheets, and unlimited doubts solving on EMBIBE.
Questions from EXERCISES with Hints & Solutions
"In India, about of farmers are small farmers, who need credit for cultivation." Explain with an example, how the terms of credit can be unfavourable for the small farmer.
In India, about percent of farmers are small farmers, who need credit for cultivation.
Suggest some ways by which small farmers can get cheap credit.
Majority of the credit needs of the _____(poor/rich) households are met from informal sources.
_____(High/Low) costs of borrowing increase the debt-burden.
Banks charge a higher interest rate on loans than what they offer on _____. (deposits/withdrawal)
_____ (Collateral/Shares)is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
In a SHG, most of the decisions regarding savings and loan activities are taken by
Formal sources of credit does not include
