Which are the two major sources of formal sectors in India ? -SST 10th

Which are the two major sources of formal sectors in India ? -SST 10th
by

1 Answer

Answer :

The two major sources of formal sources of credit are:  (i) Banks and  (ii) Cooperatives.  Need to expand formal sources of credit are :  (i) To save the poor farmers and workers from the exploitation by the informal sector credit.  (ii) Informal sector charges a higher interest on loans which means that a large part of the earnings is used to repay the loan.  (iii) Formal credit can fulfil various needs of the people through providing cheap and affordable credit.
by

Related questions

Which are the two major sources of formal sector credit in India ? -SST 10th

Description : Which are the two major sources of formal sector credit in India ? -SST 10th

Last Answer : The two major sources of formal sector credit in India are - commercial banks and cooperative societies. We need to expand formal sources of credit due to following reasons : (a) Informal sources of ... -traps. (b) Formal sources of credit are cheaper and thus they help in country's development.

Why do we need to expand formal sources of credit in India? Give three reasons. -SST 10th

Description : Why do we need to expand formal sources of credit in India? Give three reasons. -SST 10th

Last Answer : . The cost of informal loans is much higher and often leads to a debt trap. Also, people who might wish to start a new enterprise by borrowing may not do so because of the high cost ... important that the formal credit is distributed more equally so that the poor can benefit from the cheaper loans.

Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Description : Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Last Answer : There is a great need to expand formal sources of credit in rural India because there is no organization which supervises the credit activities of lenders in the informal sector. They lend at whatever interest rate they want and use unfair means of getting their money back.

Which government body supervises the functioning of formal sources of loans in India ? -SST 10th

Description : Which government body supervises the functioning of formal sources of loans in India ? -SST 10th

Last Answer : The Reserve Bank of India supervises the functioning of formal sources of loans. Its functions are 1. Maintains a minimum cash balance to avoid cash shortages in the country. 2. Ensures that the banks ... information from the banks on how much they are lending, to whom, at what interest rate, etc.

Why do we need to expand formal sources of credit in India ? Give three reasons. -SST 10th

Description : Why do we need to expand formal sources of credit in India ? Give three reasons. -SST 10th

Last Answer : 1. The formal sector i.e. the banks and the cooperatives need to engage more in the lending activities because of the disadvantages posed by the informal sector including high rates of ... the development aspect of a country. Therefore, affordable credit is crucial for a country's development.

Why do we need to expand formal sources of credit in India? -SST 10th

Description : Why do we need to expand formal sources of credit in India? -SST 10th

Last Answer : Formal sources of credit in India provide loans to individuals at far cheaper rates than informal sources of credit. This helps to increase their income and they are able to repay the principal amount ... income. It will lead to more production. This helps in the economic development of a country.

Mention four characteristics each of the formal and informal sources of credit in India. -SST 10th

Description : Mention four characteristics each of the formal and informal sources of credit in India. -SST 10th

Last Answer : Features of formal sources of credit are : (a) Formal sources of credit are provided by banks and cooperative societies to the borrowers. (b) Reserve Bank of India (RBI) governs the ... . (d) They generally charge higher rates of interest and exploit the borrowers for their own benifits.

Which government body supervises the functioning of formal sources of loans in India? Explain its functioning. -SST 10th

Description : Which government body supervises the functioning of formal sources of loans in India? Explain its functioning. -SST 10th

Last Answer : '1. The reserve bank of India supervises the functioning of formal sources of loans 2. The RBI monitors of banks in actually maintaining cash balance 3. The RBI sees that the bank give loans not just ... information to the RBI on how much they are lending ,to whom ,at what interest rate ,etc.

Which government body supervises the functioning of formal sources of loans in India? -SST 10th

Description : Which government body supervises the functioning of formal sources of loans in India? -SST 10th

Last Answer : The Reserve Bank of India (Reserve Bank of India) supervises the functioning of formal sources of loans in India. For instance, banks maintain a minimum cash balance out of the deposits they receive. Functions ... Bank of India on how much they are lending, to whom, at what interest rate, etc.

Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Description : Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Last Answer : To expand formal sources of credit in rural India, dependence on informal sources of credit has to be reduced.

What are differences between formal and informal sources of credit? -SST 10th

Description : What are differences between formal and informal sources of credit? -SST 10th

Last Answer : Formal sources: 1.These sources of credit are registered by the government and have to follow its rules and regulations. 2.RBI supervises the functioning of formal sources of credit. 3.They ... main motive is profit-making. Example: Moneylenders, traders, employees, relatives and friends, etc.

Why is the supervision of the functioning of formal sources of loans necessary ? -SST 10th

Description : Why is the supervision of the functioning of formal sources of loans necessary ? -SST 10th

Last Answer : The Reserve Bank of India (RBI) supervises the functioning of the formal sources of loans i.e. the banks and cooperatives in order to ensure that the banks give loans not just to profitmaking businesses and traders but also to small scale industries and small borrowers etc.

Which body supervises the functioning of formal sources of loans ? -SST 10th

Description : Which body supervises the functioning of formal sources of loans ? -SST 10th

Last Answer : The Reserve Bank of India supervises the functioning of formal sources of loans.

Differentiate between formal and informal sources of credit. -SST 10th

Description : Differentiate between formal and informal sources of credit. -SST 10th

Last Answer : Difference between Formal and Informal Sources

Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Description : Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Last Answer : The moneylenders charge very high rates of interest keep no records of transactions and harass the poor borrowers.

Who supervises the functioning of formal sources of loan ? -SST 10th

Description : Who supervises the functioning of formal sources of loan ? -SST 10th

Last Answer : Reserve Bank of India (RBI).

Why is the supervision of the functioning of formal sources of loans necessary ? -SST 10th

Description : Why is the supervision of the functioning of formal sources of loans necessary ? -SST 10th

Last Answer : It is necessary because banks have to submit information to the RBI on how much they are lending, to whom they are lending and what interest rate, etc.

Explain the differences between Formal and Informal Sources of Credit. -SST 10th

Description : Explain the differences between Formal and Informal Sources of Credit. -SST 10th

Last Answer : The differences between Formal and Informal Sources of Credit are :-

5. Why do we need to expand formal sources of credit in India? -Economics 10th

Description : 5. Why do we need to expand formal sources of credit in India? -Economics 10th

Last Answer : Formal sources of credit are the Government authorised organisations that are eligible to lend money to people. It is important to expand formal sources of credit in India because the informal sources are ... , people will be able to take loans and use them for the development of the country.

Describe any three major problems faced by the weaving and processing sectors in cotton textile industry. -SST 10th

Description : Describe any three major problems faced by the weaving and processing sectors in cotton textile industry. -SST 10th

Last Answer : Problems of cotton textile industry are: (i) Power supply is erratic. Regular power supply without breaks is mandatory for this industry. (ii) Output of labour is low because the ... industry faces stiff competition from the synthetic fibre industry in terms of cost and convenience of use.

One of the reasons a project life cycle is split into phases ic. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.s to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development.

Description : One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of ... the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.

Last Answer : a. facilitate formal go/no-go decision making during the project.

Which one of the following best describes a project issue? a. A major problem that requires formal escalation. b. A problem that the project manager has to deal with on a day-to-day basis. c. An uncertain event that may or may not occur. d. An opportunity that occurs through change control.

Description : Which one of the following best describes a project issue? a. A major problem that requires formal escalation. b. A problem that the project manager has to deal with on a day-to-day basis. c. An uncertain event that may or may not occur. d. An opportunity that occurs through change control.

Last Answer : a. A major problem that requires formal escalation.

One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development. c. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.

Description : One of the reasons a project life cycle is split into phases is to:  a. facilitate formal go/no-go decision making during the project.  b. balance the costs of work in each phase ... the major deployments of resources throughout the project.  d. chunk work into time periods of similar durations.

Last Answer : a. facilitate formal go/no-go decision making during the project.

Which one of the following best describes a project issue? a. A major problem that requires formal escalation. b. A problem that the project manager has to deal with on a day-to-day basis. c. An uncertain event that may or may not occur. d. An opportunity that occurs through change control.

Description : Which one of the following best describes a project issue?  a. A major problem that requires formal escalation.  b. A problem that the project manager has to deal with on a day-to-day basis.  c. An uncertain event that may or may not occur.  d. An opportunity that occurs through change control.

Last Answer : a. A major problem that requires formal escalation.

What is GDP ? Assess the contribution of Secondary and Tertiary Sectors to the GDP of India. -SST 10th

Description : What is GDP ? Assess the contribution of Secondary and Tertiary Sectors to the GDP of India. -SST 10th

Last Answer : (i) Gross Domestic Product (GDP) refers to the money value of final goods and services produced in each sector. (ii) (a) The contribution of secondary sector to the Gross Domestic Product (GDP) in ... (b) The contribution of tertiary sector to the Gross Domestic Product (GDP) in India is about 53%.

Why is the tertiary sector becoming more important than other sectors in India? -SST 10th

Description : Why is the tertiary sector becoming more important than other sectors in India? -SST 10th

Last Answer : Tertiary sector has become important in India due to (i) Basic services like hospitals, education, post and telegraph, courts etc. are the responsibility of the government. (ii) Demand ... of service sector also benefitted from external demand such as software industry and call centre services.

How can we create more employment in secondary and tertiary sectors in rural India ? -SST 10th

Description : How can we create more employment in secondary and tertiary sectors in rural India ? -SST 10th

Last Answer : (i) We can create more jobs in the secondary sector by promoting industries such as dal mills. (ii) By promoting cottage and handicraft industries to employ the villagers. By establishing ... must be promoted to generate employment. (v) Building Multi-purpose Projects can create employment.

What are the two sectors of economic activities on the basis of the ownership of resources ? -SST 10th

Description : What are the two sectors of economic activities on the basis of the ownership of resources ? -SST 10th

Last Answer : The public and the private sector. (a) Public Sector : It is the sector which is controlled, managed and owned by the government. For example, the Indian Railways. (b) Private Sector : A ... and managed by an individual or by a group of individuals. For example, the Reliance Industries Ltd.

How is tertiary sector different from the other two sectors of economic activities? -SST 10th

Description : How is tertiary sector different from the other two sectors of economic activities? -SST 10th

Last Answer : Tertiary sector is different from other two sectors because: (i) It does not provide or produce goods. (ii) It provides services such as transport, I.T., communications, etc. (iii) ... the sectors. (iv) More the primary and secondary sectors develop, there increases the requirement of services.

18. Using examples from your area compare and contrast that activities and functions of private and public sectors. -SST 10th

Description : 18. Using examples from your area compare and contrast that activities and functions of private and public sectors. -SST 10th

Last Answer : In the private sector, the assets and industries are owned by individuals and in the public sectors industries and enterprises are owned by the Government. Private sector works to earn profits and the ... private sector that we can see around us are IT companies, malls and multiplexes, etc.

16. Compare the employment conditions prevailing in the organised and unorganised sectors. -SST 10th

Description : 16. Compare the employment conditions prevailing in the organised and unorganised sectors. -SST 10th

Last Answer : In the organised sector, the employees are given higher wages, medical facilities, a healthy working environment and their jobs are permanent. They are not liable to look for a new source of ... for extra time is given, no medical facilities are provided and the work environment is unhealthy.

Explain how a shift has taken between sectors in developed countries. -SST 10th

Description : Explain how a shift has taken between sectors in developed countries. -SST 10th

Last Answer : (i) At initial stages of development, it was the primary sector which dominated. Most of the people were employed in the primary sector only. (ii) With the introduction of new methods of farming ... and employment. (iv) The domination of service sector is due to globalisation of the world economy.

What are the advantages of working in the organised sectors? -SST 10th

Description : What are the advantages of working in the organised sectors? -SST 10th

Last Answer : Advantages of working in the organised sectors are: 1.Workers of organised sector get regular and assured employment. 2.They are registered by the government and have to follow its rules and regulations ... is a provision of overtime, in case the workers do their duties after fixed working hours.

How is tertiary sector different from other sectors? -SST 10th

Description : How is tertiary sector different from other sectors? -SST 10th

Last Answer : . In primary sector, most of the activities are undertaken by exploiting our natural resources. . The secondary sector does the processing of the raw material produced by primary sectors ... natural resources, but the activities undertaken by this sector support both primary and secondary sectors.

Other than agriculture, in which sectors can underemployment occur? -SST 10th

Description : Other than agriculture, in which sectors can underemployment occur? -SST 10th

Last Answer : Underemployment can also happen in other sectors. There are thousands of casual workers in the service sector in urban areas who search for daily employment. They are employed as painters, plumbers, ... but earn very little. They are doing this work because they do not have better opportunities.

On what basis is the industrial sector classified into public and private sectors ? -SST 10th

Description : On what basis is the industrial sector classified into public and private sectors ? -SST 10th

Last Answer : C - Industries in the public sector are owned by the government while those in the private sector are owned by entrepreneurs.

The following gives the GDP I rupees (Crore) by the three sectors: -SST 10th

Description : The following gives the GDP I rupees (Crore) by the three sectors: -SST 10th

Last Answer : In the year 1950 Total GDP (In 1950) = 80,000 +19,000 + 39,000 = 1, 38,000 crore In the year 2011 Total GDP (In 2011) = 8, 18,000 + 12, 49,000 + 28, 18,000 = 4,885,000 ... the GDP of all the three sectors is changing and specially the much more change have been seen in the GDP of tertiary sector.

What other sectors of production benefitted from ordinary inventions ? -SST 10th

Description : What other sectors of production benefitted from ordinary inventions ? -SST 10th

Last Answer : Cotton and metal were steam-powered industries. Some small and ordinary inventions contributed in many non-mechanised sectors like food processing, building, pottery, glass work, tanning, furniture-making and production of implements.

Explain the difference in employment condition in organised and unorganised sectors? -SST 10th

Description : Explain the difference in employment condition in organised and unorganised sectors? -SST 10th

Last Answer : The differences in employment condition in organised and unorganised sectors:

Explain the primary, secondary and tertiary sectors by giving examples of each. -SST 10th

Description : Explain the primary, secondary and tertiary sectors by giving examples of each. -SST 10th

Last Answer : Primary Sector :- All those economic activities that are undertaken by directly using natural resources are included in primary sector. For example, mining, forestry, fishing, poultry etc. Secondary sector : ... to the market. That will be done by tertiary sector. It is also called service sector.

Using examples from your area, compare and contrast the activities and functions of the private and public sectors. -SST 10th

Description : Using examples from your area, compare and contrast the activities and functions of the private and public sectors. -SST 10th

Last Answer : This answer was deleted by our moderators...

Using examples from your area, compare and contrast the activities and functions of the private and public sectors. -SST 10th

Description : Using examples from your area, compare and contrast the activities and functions of the private and public sectors. -SST 10th

Last Answer : Public Sector : There are the organisations which directly or indirectly come under the control of government, like MTNL, railways, Indian Airlines etc. Private Sector : In private sector organisations ... the motive of earning profits. BSES and Sahara Airlines are the examples of private sector.

Explain how a shift has taken place between sectors in developed countries? -SST 10th

Description : Explain how a shift has taken place between sectors in developed countries? -SST 10th

Last Answer : About more than 100 years ago new methods of manufacturing and technological revolution took place. People who worked in farms began working in factories in large numbers in new urban centres ... currently employed in the service sector. This is the general pattern observed in developed countries.

On what basis is the industrial sector classified into public and private sectors? -SST 10th

Description : On what basis is the industrial sector classified into public and private sectors? -SST 10th

Last Answer : The industrial sector is classified into public and private sectors on the basis of ownerships of enterprises.

Throw light on the various sectors of the economy. -SST 10th

Description : Throw light on the various sectors of the economy. -SST 10th

Last Answer : People obtain loan from various sources. The various types of loans can be grouped as formal sector loans and informal sector loans. Formal sector: It Includes banks and cooperatives. The Reserve Bank of ... choose. There is no one to stop them from using unfair means to get their money back.

Classify the economic sectors on the basis of nature of activities. -SST 10th

Description : Classify the economic sectors on the basis of nature of activities. -SST 10th

Last Answer : Classification of economic sectors on the basis of nature of activities are as follows: (i) Primary sector : When we produce goods by exploiting natural resources, it is an activity ... production process. Transport, storage, communication, banking, trade are some examples of tertiary activities.

Classify the sectors of economy on the basis of ownership. -SST 10th

Description : Classify the sectors of economy on the basis of ownership. -SST 10th

Last Answer : Public Sector : (i) The government owns most of the assets and provides all the services. (ii) The purpose of the public sector is not first to earn profits. Government raises money through ... ) Tata Iron and Steel Company (TISCO) or Reliance Industries Ltd.(RIL) are examples of private sector.

Describe the contribution of three sectors in Indian economy. -SST 10th

Description : Describe the contribution of three sectors in Indian economy. -SST 10th

Last Answer : (i) All the three sectors-primary, secondary and tertiary of economy are interdependent. (ii) The various production activities in the three sectors produce a very large number of goods and services. ... three sectors have a large number of people working in them to produce thee goods and services.

Explain the interdependence of all the three economic sectors giving examples from transportation system. -SST 10th

Description : Explain the interdependence of all the three economic sectors giving examples from transportation system. -SST 10th

Last Answer : All the three sectors are highly interdependent on each other: (i) All that is produced in the primary sector is of no use until it undergoes a change into finished product which ... different places and require many other services. For all this we cannot think of working without transportation.

How is tertiary sector different from other sectors? -SST 10th

Description : How is tertiary sector different from other sectors? -SST 10th

Last Answer : Tertiary sector is different from other sectors in the following ways: (i) Primary sector includes all those activities which result in output of natural products. (ii) Secondary sector includes activities ... has to move long distance. It can be done by a strong network of tertiary activities.