Fill in the blanks | economics chapter 3 solution class 10

Q.12:- 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 the Central 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 a guarantee until the loan is repaid to the lender.

Answer:-

(i) Poor



(ii) High

(iii) Reserve Bank of India

(iv) Bank deposit

(v) Collateral



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