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Question 1:The following table shows people in a variety of occupations in urban areas. What are the purposes for which the following peopl…

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Question 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.

Occupations

Reason for needing 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?

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    Answer:
    Occupations
    Reason for needing 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 downTo meet living expenditure while still unemployed