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प्रश्न
Which one of the following is a formal source of credit?
पर्याय
Traders
Cooperative societies
Money-lenders
Friends and relatives
उत्तर
Cooperative societies
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संबंधित प्रश्न
Explain with an example, how credit plays a vital and positive role for development.
How do banks mediate between those who have surplus money and those who need money?
Why do we need to expand formal sources of credit in India?
__________costs of borrowing increase the debt-burden.
How can the problem of unemployment be eradicated in India? Explain any three ways.
“Credit can play a negative role.” Justify the statement with arguments.
Answer the following question.
Describe the importance of formal sources of credit in economic development.
Answer the following question.
Describe the bad effects of informal sources of credit on borrowers.
Explain the importance of formal sector loans in India.
Explain any three reasons for the banks and cooperative societies to increase their lending facilities in rural areas.
