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प्रश्न
Which one of the following is a formal source of credit?
पर्याय
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.
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.
“Credit can play a positive role.” Justify the statement with arguments.
“Credit can play a negative 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.
Why is cheap and affordable credit important for the country's development? Explain any three reasons.
