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