Important Questions [39]
- Which one of the following is the appropriate meaning of collateral?
- Explain the Meaning of 'Currency'.
- How does the use of money make it easier to exchange things? Give an example.
- Answer the Following Question. Describe the Importance of Formal Sources of Credit in Economic Development.
- Which one of the following is a formal source of credit?
- 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.
- Answer the Following Question. Why is Cheap and Affordable Credit Important for the Country'S Development? Explain Any Three Reasons.
- Describe the bad effects of informal sources of credit on borrowers.
- How Can the Problem of Unemployment Be Eradicated in India? Explain Any Three Ways.
- “Credit Can Play a Positive Role.” Justify the Statement with Arguments.
- “Credit Can Play a Negative Role.” Justify the Statement with Arguments.
- Explain the Importance of Formal Sector Loans in India.
- Explain the Reason for the Necessity of Supervision by the Reserve Bank of India of Formal Sources of Loans.
- Explain any three loan activities of banks in India.
- Answer the Following Question. Explain the Importance of 'Collateral'.
- Why do banks or lenders demand collateral against loans?
- How Can More Employment Be Created in Agriculture Sector Alone ? Explain Any Three Ways.
Concepts [4]
- Role of Money in an Economy
- Formal and Informal Financial Institutions for Savings and Credit
- Formal Institution - Nationalized Commercial Bank
- Informal Institutions - Local Money Lenders, Landlords, Self Help Groups, Chit Funds and Private Finance Companies
