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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.
