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प्रश्न
Explain the reason for the necessity of supervision by the Reserve Bank of India of formal sources of loans.
उत्तर
The RBI monitors that the banks actually maintain the cash balance. The RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small-scale industries, small borrowers, etc. Periodically, banks have to submit information to the RBI on how much they are lending, to whom, at what interest rate, etc.
संबंधित प्रश्न
How do banks play an important role in the economy of India? Explain.
Why are most of the poor households deprived from the formal sector of loans?
"The credit activities of the informal sector should be discouraged." Support the statement with arguments.
Look at a 10 rupee note. What is written on top? Can you explain this statement?
In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary?
__________issues currency notes on behalf of the Central Government.
Banks Charge a Higher Interest Rate on Loans than What They Offer on __________.
Explain any three loan activities of banks in India.
