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Question
Match the following:
| Column I | Column II | ||
| A. | Primary deposits | (i) | Payable on demand |
| B. | Derivative deposits | (ii) | Deposits for a fixed period of time |
| C. | Demand deposits | (iii) | Cash deposits of people |
| D. | Term deposits | (iv) | Deposits created by banks (or loan deposits) |
Options
A. (iii), B. (iv), C. (ii), D. (i)
A. (ii), B. (iv), C. (iii), D. (i)
A. (iv), B. (iii), C. (ii), D. (i)
A. (iii), B. (iv), C. (i), D. (ii)
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Solution
A. (iii), B. (iv), C. (i), D. (ii)
Explanation:
| Column I | Column II | ||
| A. | Primary deposits | (iii) | Cash deposits of people |
| B. | Derivative deposits | (iv) | Deposits created by banks (or loan deposits) |
| C. | Demand deposits | (i) | Payable on demand |
| D. | Term deposits | (ii) | Deposits for a fixed period of time |
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RELATED QUESTIONS
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The most vulnerable communities, who often had no formal credit history or ability to provide collateral, have often been the worst affected. Inability to access loans from banks meant that the poorest had to resort to moneylenders for loans at unreasonably high rates of interest that invariably led them into a toxic debt trap.
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Community Based Repayment Mechanisms (CBRMs) have been institutionalised at branches involved in financing SHGs to monitor and ensure timely repayment of loans by SHGs. The number of SHGs with outstanding bank loans stands at nearly 5 million today, implying that the program has brought formal banking services to over 50 million women.
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