MONEY AND CREDIT

7. Which state accounts for maximum percentage of SHGs (self-help groups) in bank credit?
8. In Swapna’s case, the failure of the crop made loan repayment impossible. She had to sell part of the land to repay the loan. Credit, instead of helping Swapna improve her earnings, pushed her in the situation of _________.
10. If the borrower fails to repay the loan, the lender has the right to sell the __________ to obtain payment.
11. System of exchanging goods for goods is called__________.
13. Banks use the major portion of the ___________ to extend loans.
14. In a SHG, most of the decisions regarding loan activities are taken by _________.
15. There is no organization that supervises the credit activities of lenders in the __________ sector.

1. Rate of interest charged by moneylenders as compared to that charged by banks is _____.
2. Which facility associated with demand deposits gives it a feature of money?
3. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?
4. Who helps the borrowers to overcome the problem of lack of collateral?
5. While taking a loan, borrowers look for easy terms of credit. This means low interest rate, easy conditions for repayment, ________ collateral and documentation requirements.
6. An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to__________.
9. No individual in India can legally refuse a payment made in rupees. It makes rupee a _______.
12. In India, _____________ issues currency notes on behalf of the Central Government.