Match the columns

Matrix:

Column I

Column II
(a)
Collateral refers to
(i)
Increasing earnings
(b)
Credit helps to
(ii)
Debt trap
(c)
Loans lead to
(iii)
Security

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a-iii; b-ii; c-i

a-i; b-ii; c-iii

a-iii; b-i; c-ii

a-ii; b-i; c-iii

answer is C.

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Detailed Solution

Collateral refers to an asset the borrower owns that the lender can use as a security until the loan is repaid. If the borrower defaults on the loan, the lender has some security as they can sell these assets and generate money to cover the loan amount. The credit helps increase income and is responsible to a large extent for the development of individuals and our country in general. It helps people who require credit by providing them with some; in the end, both are better off. However, loans may lead to debt traps if one cannot repay the loan due to a high interest rate or any other reason.

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