No products in the cart.

  1. Homework Help
  2. CBSE
  3. Class 10
  4. Social Science

Describe the vital and positive role …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now
Describe the vital and positive role of credit with example.

    • Posted by Poornima Singh 6 years, 7 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Yogita Ingle 6 years, 7 months ago

    • Credit plays a crucial role in a country’s development. By sanctioning loans to developing industries and trade, banks provide them with the necessary aid for improvement.
    • This leads to increase in the production, profits and employment. However, caution must be exercised in the case of loans from the informal sector which include high interest rates that may be more harmful than good.
    • For this reason, it is important that the formal sector gives out more loans so that borrowers are not duped by moneylenders, and can ultimately contribute to national development.
    • For example- a loan given to a fresh post-graduate for setting up a business might contribute to employment generation, infrastructure development in the near future.

    0Thank You

    ANSWER
    http://mycbseguide.com/examin8/

    Related Questions

    What was the purpose of sending the Simon Commission

    • Posted by Siddhanth Aravind 9 months, 3 weeks ago

    CBSE > Class 10 > Social Science
    • 0 answers
    Define Deccan plateau briefly

    • Posted by Anisha Grover 3 months, 3 weeks ago

    CBSE > Class 10 > Social Science
    • 0 answers
    What was zollverein formed

    • Posted by Sakshi Patel 1 year, 1 month ago

    CBSE > Class 10 > Social Science
    • 1 answers
    Describe the silesian weavers uprising

    • Posted by Chirag Jindal 1 year, 1 month ago

    CBSE > Class 10 > Social Science
    • 0 answers
    What was act of 1919 which was set up by Government of India

    • Posted by Kapil Dev Saroye 1 year, 1 month ago

    CBSE > Class 10 > Social Science
    • 0 answers
    How can more employment opportunities be created in the rural areas

    • Posted by Sai Sravika Godavarthi 8 hours ago

    CBSE > Class 10 > Social Science
    • 1 answers
    Explain the process of unification of Germany

    • Posted by Sudhanshu Choudhry 1 year, 1 month ago

    CBSE > Class 10 > Social Science
    • 1 answers
    Describe the process of unification Italy

    • Posted by Armaan Ali 1 year, 1 month ago

    CBSE > Class 10 > Social Science
    • 1 answers
    What is the importance of flora and fauna in india

    • Posted by Vansh Singh 1 year, 1 month ago

    CBSE > Class 10 > Social Science
    • 1 answers
    Case study of chapter gender religion and caste civics

    • Posted by Shristi Pandey 3 months ago

    CBSE > Class 10 > Social Science
    • 0 answers

    myCBSEguide App

    myCBSEguide

    Trusted by 1 Crore+ Students

    Install Now

    Test Generator

    Test Generator

    Create papers online. It's FREE.

    Try Now

    CUET Mock Tests

    CUET Mock Tests

    75,000+ questions to practice only on myCBSEguide app

    Install Now
    Google Play

    Download myCBSEguide App

    All Courses

    Other Websites

    CBSE Courses

    Resources

    Corporate

    NCERT Solutions

    CBSE Sample Papers

    All Content and Intellectual Property is under Copyright Protection | myCBSEguide.com ©2007-2025