Match the following:

Column A Column B
(i) Barter system (a) Supervises the functioning of banks
(ii) Debt-trap (b) Commodity for commodity exchange system
(iii) Formal sector loans (c) Pushes the borrower into a situation from which recovery is very painful
(iv) Reserve Bank of India (d) Loans from banks and cooperatives

 

(A) (i)-(a), (ii) -(b), (iii)-(c), (iv)-(d)

(B) (i)-(b), (ii) -(c), (iii)-(d), (iv)-(a)

(C) (i)-(d), (ii)-(c), (iii)-(b), (iv)-(a)

(D) (i)-(c), (ii)-(a), (iii)-(b), (iv)-(d)

 

Answer:

So the correct option is (B) - (i)-(b), (ii) -(c), (iii)-(d), (iv)-(a).

Explanation

1. Barter System - b. Commodity for commodity exchange system

Explanation

In Barter System commodities are exchanged directly with commodity without any medium of exchange.

 

2. Debt Trap - c. Pushes the borrower into a situation from which recovery is painful

Explanation

Debt trap is a situation where the borrower , to re-pay the previous loan takes another loan hence falling into a debt trap.

 

3. Formal Sector Loans - d. Loans from banks and cooperatives.

Explanation

Banks and cooperatives are part of formal sector loans.

 

4. Reserve Bank of India - a. Supervises the functioning of banks

Explanation

RBI supervises the functioning of banks and stops them from any wrongdoing.

 
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.