No products in the cart.

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

Differentiate between*formal secter loans*and *informal secter …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now
Differentiate between*formal secter loans*and *informal secter loans*

    • Posted by ?Isha .B 5 years, 1 month ago

    CBSE > Class 10 > Social Science
    • 4 answers

    Pragya Gautam 5 years, 1 month ago

    1.In Formal sector loans are given by cooperatives and banks whereas in informal sector loans are given by moneylenders , friends etc . 2.Formal sector provide cheap and affordable loan while informal sector exploits the borrower for their own benefits. 3.Formal sector provide loan at low rate of interest while informal sector provides loan at high rate of interest .....

    1Thank You

    Vvs. T.S1643 5 years, 1 month ago

    Yes

    0Thank You

    Yogita Ingle 5 years, 1 month ago

    Formal sector loans: 

    (i) Loans from banks and cooperatives. 

    (ii) Under supervision of the Reserve Bank of India. 

    (iii) Reasonable rates of interest. 

    Informal sector loans: 

    (i) Loans from moneylenders, relatives, friend, traders, etc.

    (ii) No supervision of any institution. 

    (iii) Very high rates of interest

    1Thank You

    King Adithya H M... 5 years, 1 month ago

    Formal sector loan is given by commercial bank whereas informal sector loan is given by money lenders, big merchants, etc. ... Formal sector loans has a low rate of interest where as informal sector loans has a very high rate of interest.

    4Thank You

    ANSWER
    https://examin8.com Test

    Related Questions

    Describe the silesian weavers uprising

    • Posted by Chirag Jindal 1 year, 4 months ago

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

    • Posted by Sai Sravika Godavarthi 3 months, 2 weeks ago

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

    • Posted by Sudhanshu Choudhry 1 year, 4 months ago

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

    • Posted by Anisha Grover 3 months, 2 weeks ago

    CBSE > Class 10 > Social Science
    • 0 answers
    What was the purpose of sending the Simon Commission

    • Posted by Siddhanth Aravind 1 year, 1 month ago

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

    • Posted by Sakshi Patel 1 week, 3 days ago

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

    • Posted by Kapil Dev Saroye 1 year, 4 months ago

    CBSE > Class 10 > Social Science
    • 0 answers
    This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

    Few rules to keep homework help section safe, clean and informative.
    • Don't post personal information, mobile numbers and other details.
    • Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
    • Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
    • Ask specific question which are clear and concise.

    Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

    Posted by Shristi Pandey 1 month, 2 weeks ago

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

    • Posted by Vansh Singh 1 year, 4 months ago

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

    • Posted by Armaan Ali 1 year, 4 months ago

    CBSE > Class 10 > Social Science
    • 1 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