In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
-
In the given passage, there
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
are blanks, each of which has been numbered.
Against each five words are suggested, one of
which fits the blank appropriately. Find out the
appropriate words in each case.
After spending time and efforts to stabilise rural
incomes in the face of plummeting agricultural
prices, Thailand's government has now banned
its attention to dealing with unfair lending
practices. This is part of a wider _____(1)______ set in
motion to reform state dominated rural credit
markets. Thailand has made great strides in
____(2)______ access to financial services. 73 percent
of the population now has a bank account and
only 3 percent has no access ______(3)______ to formal
finance. But lending by loan sharks has proved
hard to stamp out. One reason is that Thais like
to keep things informal. The country's shadow
economy ____(4)_____ for more than 50 percent of
GDP- the highest in Asia. Household borrowing
as a share of national income in Thailand now
_____(5)_____ at 68 percent of GDP, much higher than
other middle income countries such as China
(20%), India (16%) and Indonesia (17%). To make
the ______(6)____ for loan sharks, the government
wants to strap an interest ceiling that has been
in place for sixty years. The cap _____(7)_______
registered non-bank lenders from changing more
than 28 percent per year (including a 13 percentservice
charge). The idea is to encourage nonbanks
to provide formal credit to poor households.
______(8)_____ institutions are typically community
based groups founded by the Ministry of Interior,
NGOs, local governments and monks. The cap
means that it is not ________(9)________ for these groups to
get into rural lending. Thailand is a vast country
and delivering financial services in remote areas
is costly. A Thai loan shark typically ________(10)________
two lending schemes - a borrower can just pay
interest of 2 percent per day every day for 24 days
or repay the principle plus 2 percent daily
interest in equal instalments. Both are terrible
deals and switching from a loan shark to a sound
financial institution can save a household as
much as $ 1,00,000 per month.
Correct!
Wrong!
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