A favourable credit arrangement is one that benefits the borrower without leading to debt. Option (c) is correct because the farmer takes a low-interest bank loan for productive agricultural purposes, ensuring better income and easy repayment. Hence, the correct option ...
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A demand deposit in banks is a modern form of money in India because it can be easily withdrawn or transferred digitally through cheques, debit cards and UPI systems. Hence, it provides liquidity and convenience in modern economic transactions. Hence, ...
The primary sector supports the secondary sector by providing raw materials for production. A textile factory using raw cotton from farmers to produce fabric shows this relationship clearly, as agriculture supplies inputs to industry. Hence, the correct option is (b).
Self-Help Groups (SHGs) provide rural women with access to small, low-interest loans through collective savings, reducing dependence on moneylenders. Linked with banks, they ensure fair lending and financial inclusion. SHGs empower women socially and economically, as seen in NABARD-supported groups ...
Democracy is the best form of government because it gives people the right to choose their leaders, ensures equality, protects freedoms and promotes accountability. It allows peaceful change of power and respects citizens’ voices in decision-making.