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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
Explain with an example, how credit plays a vital and positive role for development.
Compare formal sector loans with informal sector of loans regarding interest only.
How do banks mediate between those who have surplus money and those who need money?
Why do we need to expand formal sources of credit in India?
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.
“Credit can play a negative role.” Justify the statement with arguments.
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.
