No products in the cart.

Why do we need to expand …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Why do we need to expand formal sources of credit in India?(5 marks question)
  • 1 answers

Yogita Ingle 5 years ago

we need to expand formal sources of credit in india because:-
(1) There is no organisation which supervises the credit activities of lenders in the informal sector.
(2) There is no one to stop them from using unfair means to get their money back.
(3) Formal sources of credit are less risky and they charge less rate of interest .
(4) The RBI supervises the functioning of formal sourcesif loans.

http://mycbseguide.com/examin8/

Related Questions

Explain the process of unification of Germany
  • 1 answers
Describe the silesian weavers uprising
  • 0 answers
What was zollverein formed
  • 1 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App