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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
Which one of the following is a formal source of credit?
Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas? Explain.
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.
“Credit can play a positive role.” Justify the statement with arguments.
Answer the following question.
Describe the importance of formal sources of credit in economic development.
Answer the following question.
Describe the bad effects of informal sources of credit on borrowers.
Explain the importance of formal sector loans in India.
Answer the following question.
Give any two examples of the informal sector of credit.
