Question

Notice the use of the following words in the text.

pittance

rupees

reward

return

These words relate to livelihood and economic aspects that are crucial for any enterprise/business/vocation. Work in pairs and find the meanings of the following words related to economy. You may refer to a dictionary.

bankrupt	credit	currency	debt
fiscal	inflation	investment	interest

Now, frame sentences using each word.

Answer 1

Word	Meaning	Sentence
Bankrupt	Unable to pay one’s debts	The company became bankrupt after suffering heavy losses.
Credit	An arrangement in which goods or money are received now and paid back later	The shopkeeper allowed the farmer to buy seeds on credit.
Currency	The system of money used in a particular country	The rupee is the official currency of India.
Debt	Money that is owed to another person or organisation	The potter worked hard to repay his debt.
Fiscal	Relating to government revenue, taxes and expenditure	The government introduced new policies during the current fiscal year.
Inflation	A general rise in the prices of goods and services	Due to inflation, the cost of food and fuel increased.
Investment	Money or resources put into something to earn a future profit	Her investment in a weaving business proved successful.
Interest	Money charged for borrowing money or earned from savings	The bank charged ten per cent interest on the loan.