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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?
Which households take more loans from the formal sector?
Identify the formal source of credit.
Who supervises the credit activities of lenders in the informal sector?
Loans from banks and cooperatives are called ______.
Cheap and affordable credit is crucial for ______.
About 85 percent of the loans taken by poor households in the urban areas are from ______.
