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प्रश्न
Explain the significance of The Reserve Bank of India in the Indian economy.
उत्तर
- It monitors the efficiency of official loan sources.
- Out of the deposits they receive, the banks maintain a minimum cash balance.
- The RBI keeps an eye on whether the banks actually keep a cash balance.
- The RBI ensures that banks provide loans to small farmers, small-scale businesses, small borrowers, and other borrowers in addition to profit-making companies and traders.
- Banks are required to periodically provide the RBI with information on how much they are lending, to whom, at what interest rate, etc.
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संबंधित प्रश्न
"Cheap and affordable credit is crucial for the country's development." Assess the statement.
Which of the following is not an informal source of credit?
In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?
Which is not the main source of credit from the following for rural households in India?
Who supervises the credit activities of lenders in the informal sector?
Loans from moneylenders, traders, employers, relatives and friends are called ______.
The RBI monitors the banks are actually maintaining ______.
Most loans from informal lenders carry a very high interest rate and do little to ______.
Distinguish between formal and informal sources of credit.
A farmer has borrowed money from a money lender at a high rate of interest, as he could not pay the interest, he was forced to borrow from another landlord to settle the amount for the interest borrowed to the money lender. State the consequences he may face in this situation.
