Fill in the blanks in the following

Question

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 1

Answer :
(i) Majority of the credit needs of the poor households are met from informal sources.
(ii) High costs of borrowing increase the debt-burden.
(iii) Reserve Bank of India issues currency notes on behalf of the Central Government.
(iv) Banks charge a higher interest rate on loans than what they offer on deposits.
(v) Collateral is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.