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