__________costs of borrowing increase the debt-burden. - Social Science

__________costs of borrowing increase the debt-burden.

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High costs of borrowing increase the debt-burden.

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Formal and Informal Financial Institutions for Savings and Credit

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Chapter 3: Money and Credit - Exercises [Page 53]

Chapter 3 Money and Credit
Exercises | Q 12.2 | Page 53

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.

How can the problem of unemployment be eradicated in India? Explain any three ways.

“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.
Give any two examples of the informal sector of credit.