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प्रश्न
Which one of the following is a formal source of credit?
विकल्प
Traders
Cooperative societies
Money-lenders
Friends and relatives
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उत्तर
Cooperative societies
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संबंधित प्रश्न
Compare formal sector loans with informal sector of loans regarding interest only.
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.
“Credit can play a positive role.” Justify the statement with arguments.
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Describe the importance of formal sources of credit in economic development.
Explain the importance of formal sector loans in India.
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.
