Differentiate b/w formal and informal sector …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Vimal Kumar 5 years, 7 months ago
- 1 answers
Test
Related Questions
Posted by Shristi Pandey 1 month, 2 weeks ago
- 0 answers
Posted by Armaan Ali 1 year, 4 months ago
- 1 answers
Posted by Sudhanshu Choudhry 1 year, 4 months ago
- 1 answers
Posted by Vansh Singh 1 year, 4 months ago
- 1 answers
Posted by Siddhanth Aravind 1 year, 1 month ago
- 0 answers
Posted by Chirag Jindal 1 year, 4 months ago
- 0 answers
Posted by Sai Sravika Godavarthi 3 months, 2 weeks ago
- 1 answers
Posted by Kapil Dev Saroye 1 year, 4 months ago
- 0 answers
Posted by Anisha Grover 3 months, 2 weeks ago
- 0 answers
Posted by Sakshi Patel 1 week, 3 days ago
- 1 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Yogita Ingle 5 years, 7 months ago
Formal source of credit:
a) Loans that are given by banks and co-operative institutions are called Formal sector of credit.
b) The functioning of these banks and co-operative institutions are supervised by Reserve Bank of India – RBI.
c) These institutions are required to report to the RBI the rate of interest, amount lending, etc.
d) Borrower is required to submit collaterals and documents.
Informal source of credit:
a) Loans that are given by money lenders, friends and relatives are called Informal source of credit.
b) They are not supervised by Reserve Bank of India – RBI.
c) They can lend money at any interest rate and use any means to get back their money.
d) Borrower is not required to submit collaterals and documents.
0Thank You