If a woman gets credit for work, what information will she need?
Answer and explanation
Correct answer: Interest rate, instalments and repayment terms
A woman taking credit should know the interest rate, instalment amount and duration, and the repayment dates and conditions. This helps her understand the actual cost of the loan and plan timely repayment. Knowing only the lender’s name is not enough because it does not explain the loan terms. Exam tip: For credit-related questions, focus on interest, instalments and repayment.
Frequently asked questions
What is the correct answer to this question?
Interest rate, instalments and repayment terms
Why is this the correct answer?
A woman taking credit should know the interest rate, instalment amount and duration, and the repayment dates and conditions. This helps her understand the actual cost of the loan and plan timely repayment. Knowing only the lender’s name is not enough because it does not explain the loan terms. Exam tip: For credit-related questions, focus on interest, instalments and repayment.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Women and work: issues and concerns.
