Advertisements
Advertisements
प्रश्न
Compare formal sector loans with informal sector of loans regarding interest only.
Advertisements
उत्तर
Formal sector loans can be taken at low rate of interest. On the other hand, informal sector loans are available at high interest rate.
APPEARS IN
संबंधित प्रश्न
Explain with an example, how credit plays a vital and positive role for development.
Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas? Explain.
How do banks mediate between those who have surplus money and those who need money?
Majority of the credit needs of the ______ households are met from informal sources.
How can the problem of unemployment be eradicated in India? Explain any three ways.
Answer the following question.
Describe the importance of formal sources of credit in economic development.
Explain the importance of formal sector loans in India.
Explain any three reasons for the banks and cooperative societies to increase their lending facilities in rural areas.
Answer the following question.
Give any two examples of the informal sector of credit.
Answer the following question.
Why is cheap and affordable credit important for the country's development? Explain any three reasons.
