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प्रश्न
Distinguish between formal and informal sources of credit.
फरक स्पष्ट करा
उत्तर
| Formal sector of credit | Informal sector of credit |
| RBI monitors the formal sector of credit. | There is no organisation which supervise the credit activities of lenders. |
| They charge a normal interest rate on loans. | They can lend at whatever interest rate they choose. |
| E.g., Banks and cooperative societies. | E.g., Local money lenders, traders and relatives etc. |
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Formal Sector Credit in India
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संबंधित प्रश्न
"Cheap and affordable credit is crucial for the country's development." Assess the statement.
Which households take more loans from the formal sector?
Which one of the following is the main source of credit for the rich households?
Which one of the following is not a formal source of credit?
Identify the formal source of credit.
Formal sources of credit include ______.
Rate of interest charged by moneylenders as compared to that charged by banks is ______.
Loans from banks and cooperatives are called ______.
The RBI monitors the banks are actually maintaining ______.
Explain the significance of The Reserve Bank of India in the Indian economy.
