Money and Credit
Across
- 1. In India, who is responsible for issuing currency notes?
- 5. In India, the law legalizes the use of …………. as a medium of payment that cannot be refused in settling any transaction?
- 6. An asset that the borrower owns and uses as a guarantee to repay the loan refers to?
- 8. A paper instructing the bank to pay a specific amount from one account to another refers to?
- 9. _____ help in pooling the savings of their members, who are poor women to meet their credit needs?
Down
- 2. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?
- 3. Which is the main source of credit for the rich households?
- 4. Taking loans from informal sources usually leads to a __ trap?
- 7. In a SHG, who primarily makes decisions regarding savings and loan activities?
- 8. Farmers usually take __ loans at the beginning of the season and repay the loan after harvest.