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Money And Credit

Question 1:

 The following table shows people in a variety of occupations in urban areas. What are the purposes for which the following people might need loans? Fill in the column.

Occupations

Reason for needing a Loan

Construction worker

-

Graduate student who is computer literate

-

A person employed in government service

-

Migrant labourer in Delhi

-

Household maid

-

Small trader

-

Autorickshaw driver

-

A worker whose factory has closed down

-

Next, classify the people into two groups based on whom you think might get a bank loan and those who might not. What is the criterion that you have used for classification?

Answer:

...

Occupations

Reason for needing a Loan

Construction worker

To meet living expenses

Graduate student who is computer literate

To pursue higher education

A person employed in government service

For an offspring’s wedding

Migrant labourer in Delhi

To buy a house

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