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प्रश्न
Compare formal sector loans with informal sector of loans regarding interest only.
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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.
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संबंधित प्रश्न
Explain with an example, how credit plays a vital and positive role for development.
Which one of the following is a formal source of credit?
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?
Majority of the credit needs of the ______ households are met from informal sources.
______ costs of borrowing increase the debt-burden.
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.
