The following table shows people in a variety of occupations in urban areas. What are the purposes for which the following people might need loans? Fill in the column.

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Chapter 3

NCERT

Class 10

Economics

Solutions

1. The following table shows people in a variety of occupations in urban areas. What are the purposes for which the following people might need loans? Fill in the column.

Question:

The following table shows people in a variety of occupations in urban areas. What are the purposes for which the following people might need loans? Fill in the column.

Occupations	Reasons for meeting a loan
Construction worker
Graduate student who is computer literate
A person employed in government service
Migrant labourer in Delhi
Household maid
Small trader
Autorickshaw driver
A worker whose factory has closed down

Next, classify the people into two groups based on whom you think might get a bank loan and those who might not. What is the criterion that you have used for classification?

Answer:

Occupations	Reasons for meeting a loan
Construction worker	To meet living expenses
Graduate student who is computer literate	To pursue higher education
A person employed in government service	For an offspring’s wedding
Migrant labourer in Delhi	To buy a house
Household maid	To meet living expenses
Small trader	To buy new machinery
Autorickshaw driver	To buy an autorickshaw
A worker whose factory has closed down	To meet living expenditure while still unemployed

Those who might get a bank loan	Those who might not get a bank loan
Graduate student who is computer literate	Construction worker
A person employed in government service	Migrant labourer in Delhi
Small trader	Household maid
Autorickshaw driver	A worker whose factory has closed down

More NCERT Questions

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(All Q's of this Chapter solved)

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