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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
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.
__________costs of borrowing increase the debt-burden.
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Answer the following question.
Describe the bad effects of informal sources of credit on borrowers.
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.
Why is cheap and affordable credit important for the country's development? Explain any three reasons.
