Difference between the formal and informal …

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Difference between the formal and informal sector

Posted by Bisma Ansari 6 years, 6 months ago

CBSE > Class 10 > Social Science

9 answers

Bisma Ansari 6 years, 6 months ago

Thanks gaurav

1Thank You

Gaurav Seth 6 years, 6 months ago

Formal sector :-
a) this sector is mainly supervised by the RBI
b) it includes banks and cooperatives
c) in this collateral is required
d) it provides loans comparatively at a lower rate
e) it doesn't lead to debt trap

informal sector :-
a) no organisation to supervise this sector
b) these are mainly consists of money lenders friends and relatives traders landowners e.t.c.
c) Collateral is not required
d) this sector charges higher interest rates
e) this could lead to death trap .

1Thank You

Riya ?? 6 years, 6 months ago

Ohh acha

0Thank You

Bisma Ansari 6 years, 6 months ago

I am a student

0Thank You

Riya ?? 6 years, 6 months ago

Aap kon??

1Thank You

Bisma Ansari 6 years, 6 months ago

0Thank You

Riya ?? 6 years, 6 months ago

Aapna nicha mera question ma 'hi' kha tha

0Thank You

Bisma Ansari 6 years, 6 months ago

1Thank You

Riya ?? 6 years, 6 months ago

2Thank You

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