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

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

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.

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

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.

Why are poor households still dependent on informal sources of credit? -SST 10th

Description : Why are poor households still dependent on informal sources of credit? -SST 10th

Last Answer : Reasons: . Banks are not present everywhere in rural India. . Even if they are present, getting a loan from a bank is much more difficult than taking a loan from informal sources. ... charge very high rates of interest, keep no records of the transactions and harass the poor borrowers.

“Poor households still depend on informal sources of credit.” -SST 10th

Description : “Poor households still depend on informal sources of credit.” -SST 10th

Last Answer : Poor Households still depend on informal sources of credit because:- . Banks are not present everywhere on rural area. . Even when they are present getting a loan from the bank is much more ... money lenders they know the borrowers personally and they are willing to give a loan without collateral.

What is necessary to reduce the dependence on informal sources of credit in rural areas? -SST 10th

Description : What is necessary to reduce the dependence on informal sources of credit in rural areas? -SST 10th

Last Answer : It is necessary that banks and cooperatives increase their lending in the rural areas.

What are the drawbacks of informal sources of credit? -SST 10th

Description : What are the drawbacks of informal sources of credit? -SST 10th

Last Answer : (i) Most of the informal lenders charge a much higher interest on loans. Thus the cost to the borrower of the informal loans is much higher. (ii) Higher cost of borrowing means a larger part of ... might wish to start an enterprise by borrowing may not do so because of the high cost of borrowing.

“Most of the poor households are still dependent on informal sources of credit.’’ -SST 10th

Description : “Most of the poor households are still dependent on informal sources of credit.’’ -SST 10th

Last Answer : (i) Banks are not present everywhere in rural India, whereas informal sources are easily available in all villages. (ii) Getting a loan from a bank is much more difficult for poor ... relatives, or traders and landlords, who know the borrowers personally and therefore do not demand collateral.

Explain any two features each of formal sector loans and informal sector loans. -SST 10th

Description : Explain any two features each of formal sector loans and informal sector loans. -SST 10th

Last Answer : Formal Sector Loans : Formal sector loans include loans from banks and cooperatives. Features of formal sector loans are : (i) Formal sectors provide cheap and affordable loans and their ... the borrowers personally, and hence they provide loans on easy terms without collateral and documentation.

Explain any two features each of formal sector loans and informal sector loans. -SST 10th

Description : Explain any two features each of formal sector loans and informal sector loans. -SST 10th

Last Answer : Formal Sector Loans (i) It provides loans at a fixed rates and terms. (ii) It gives loans not just to profit-making businesses and traders but also to small cultivators, small-scale industries to small ... choose. (ii) There is no one to stop them from using unfair means to get their money back.

Explain any two features each of formal sector loans and informal sector loans. -SST 10th

Description : Explain any two features each of formal sector loans and informal sector loans. -SST 10th

Last Answer : Formal Sector Loans: Include loans from banks and cooperatives. Features of formal sector loans are: (i) Formal sectors provide cheap and affordable loans and their rate of interest are ... the borrowers personally, and hence they provide loans on easy terms without collateral and documentation.

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.

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.

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.

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.

Why does the formal or informal sector ask for a collateral? -SST 10th

Description : Why does the formal or informal sector ask for a collateral? -SST 10th

Last Answer : . Every loan agreement specifies an interest rate which the borrower must pay to the lender along with the repayment of the principal. . In addition, lenders may demand a collateral or an asset ... and the mode of repayment are the terms of credit required for formal or informal sectors for loans.

Compare formal sector loans with an informal sector of loans regarding interest only. -SST 10th

Description : Compare formal sector loans with an informal sector of loans regarding interest only. -SST 10th

Last Answer : The loans given by the formal sector have low rates of interest whereas the loans given by the informal sector have very high rates of interest.

Mention any three points of distinction between formal sector loan and informal sector loan. -SST 10th

Description : Mention any three points of distinction between formal sector loan and informal sector loan. -SST 10th

Last Answer : Three points of distinction between Formal sector loan and Informal sector loan

Mention three points of difference between formal sector and informal sector loans. -SST 10th

Description : Mention three points of difference between formal sector and informal sector loans. -SST 10th

Last Answer : 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 ... friend, traders, etc. (ii) No supervision of any institution. (iii) Very high rates of interest.

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.

Is it not high time for the english language to replace the pronoun "you", with separate words for informal and formal contexts?

Description : Is it not high time for the english language to replace the pronoun "you", with separate words for informal and formal contexts?

Last Answer : Why? As a native English speaker, the difference seems unnecessary and overly complicated. And now that you mention it, classist.

Do you expect specific treatment from people based on their age, job, whether you're friends or not, etc? Do you get formal or informal with people, or do you treat all the same?

Description : Do you expect specific treatment from people based on their age, job, whether you're friends or not, etc? Do you get formal or informal with people, or do you treat all the same?

Last Answer : Good question. In the Netherlands we also have both formal and informal you's, namely, U (formal), and Jij (informal). Lately I have been addressed more and more in the formal manner, which saddens me, as ... on age, job, familiarity. I don't expect special treatment, by the way. Don't care for it.

How to be good in English conversation? both formal and informal?

Description : How to be good in English conversation? both formal and informal?

Last Answer : Just hang on here for a while. Welcome to fluther. And it’s “people I meet don’t even think but have clearly composed, and I want to be better at it. And Hope you can help me”... Good luck.

How to understand informal and formal - General Linguistics class?

Description : How to understand informal and formal - General Linguistics class?

Last Answer : Formal is how the old Danish would use De instead of deg, and even use a capital . is that what you mean? In English, they used to use Thou instead of you' but they don't so that any ... have pretty much given up on the formal stuff, too. Informal is when you just use regular, everyday speech.

What is the difference between formal and informal meeting, and what is the purpose of each?

Description : What is the difference between formal and informal meeting, and what is the purpose of each?

Last Answer : i dont know the answer

“A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.” It is called– (A) Functional organisation (B) Formal organisation (C) Committee organisation (D) Informal organisation

Description : “A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.” It is called– (A) Functional organisation (B) Formal organisation (C) Committee organisation (D) Informal organisation

Last Answer : Answer: Committee organisation

Grapevine communication is a type of– (A) Formal communication (B) Informal communication (C) Horizontal communication (D) Vertical communication

Description : Grapevine communication is a type of– (A) Formal communication (B) Informal communication (C) Horizontal communication (D) Vertical communication

Last Answer : Answer: Informal communication

)To be successful in a functional organization, the PM must rely on: 1. Referent power 2. Formal authority 3. Informal power structure 4. Broad span of control 5. Both a and c

Description : )To be successful in a functional organization, the PM must rely on: 1. Referent power  2. Formal authority  3. Informal power structure  4. Broad span of control  5. Both a and c

Last Answer : 5. Both a and c

Characteristics of all formal and informal communication are: (a) same (b) Unstructured (c) Structured (d) Different

Description : Characteristics of all formal and informal communication are: (a) same (b) Unstructured (c) Structured (d) Different

Last Answer : (a) same

Although planning provides numerous benefits, some managers do not use formal marketing plans because A)formal plans are not necessary to control marketing activities. B)they think planning is a waste of time. C)they prefer to use informal marketing control. D)they spend almost all their time dealing with daily problems. E)they spend most of their time engaged in environmental scanning.

Description : Although planning provides numerous benefits, some managers do not use formal marketing plans because A)formal plans are not necessary to control marketing activities. B)they think planning is a waste ... dealing with daily problems. E)they spend most of their time engaged in environmental scanning.

Last Answer : D)they spend almost all their time dealing with daily problems.

Which organization structure does not have duplication of work? a. Formal b. Informal c. Both (a) and (b) d. None of these

Description : Which organization structure does not have duplication of work? a. Formal b. Informal c. Both (a) and (b) d. None of these

Last Answer : a. Formal

An offer made by words spoken or written is called: (a) Implied offer (b) Express offer (c) Formal agreement (d) Informal agreement

Description : An offer made by words spoken or written is called: (a) Implied offer (b) Express offer (c) Formal agreement (d) Informal agreement

Last Answer : (b) Express offer

____________ refers to the network of personal and social relations that is developed spontaneously between people associated with each other. (a) Formal organization ; (b) Informal organization ; (c) Business organization (d) Government organization

Description : ____________ refers to the network of personal and social relations that is developed spontaneously between people associated with each other. (a) Formal organization ; (b) Informal organization ; (c) Business organization (d) Government organization

Last Answer : (b) Informal organization ;

_____ conflict hinders group performance. (a) Formal ; (b) Informal ; (c) Functional ; (d) Dysfunctional

Description : _____ conflict hinders group performance. (a) Formal ; (b) Informal ; (c) Functional ; (d) Dysfunctional

Last Answer : (d) Dysfunctional 

_____ conflict supports the goals of the group and improves its performance. (a) Formal ; (b) Informal ; (c) Functional ; (d) Dysfunctional

Description : _____ conflict supports the goals of the group and improves its performance. (a) Formal ; (b) Informal ; (c) Functional ; (d) Dysfunctional

Last Answer : (c) Functional ;

Teaching model is a way to Options: A) teach in a formal as well as informal way. B) Select such stimulus so that, the students may give expected feedback. C) Talk and think about instruction, which may contain facts in organized and classified manner. D) both (a) and ( b)

Description : Teaching model is a way to Options: A) teach in a formal as well as informal way. B) Select such stimulus so that, the students may give expected feedback. C) Talk and think about instruction, which may contain facts in organized and classified manner. D) both (a) and ( b)

Last Answer : D) both (a) and ( b) 

Means of grapevine communication are (A) formal (B) informal (C) critical (D) corporate

Description : Means of grapevine communication are (A) formal (B) informal (C) critical (D) corporate

Last Answer : (B) informal

Which one of the following statements is correct? (A) Syllabus is an annexure to the curriculum. (B) Curriculum is the same in all educational institutions. (C) Curriculum includes both formal, and informal education. (D) Curriculum does not include methods of evaluation.

Description : Which one of the following statements is correct? (A) Syllabus is an annexure to the curriculum. (B) Curriculum is the same in all educational institutions. (C) Curriculum includes both formal, and informal education. (D) Curriculum does not include methods of evaluation.

Last Answer : Answer: A Explanation: Curriculum refers to the sum of all the activities in an out of the school, syllabus is only a small part of it.

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.

“The credit activities of the informal sector should be discouraged.” -SST 10th

Description : “The credit activities of the informal sector should be discouraged.” -SST 10th

Last Answer : The credit activities of the informal sector should be discouraged because: . 85% of loans taken by the poor households in the urban areas are from informal sources. . Informal lenders ... increasing debt and debt trap, therefore the credit activities of the informal sector should be discouraged.

The credit activities of the informal sector should be discouraged.' Support the statement with arguments. -SST 10th

Description : The credit activities of the informal sector should be discouraged.' Support the statement with arguments. -SST 10th

Last Answer : The credit activities of the informal sector should be discouraged due to the following reasons - 1. There is no organization which supervises the credit activities of lenders in the informal ... Therefore, the formal sector needs to play an increasing role in extending the facilities of credit.

What is the main informal source of credit for rural households in India ? -SST 10th

Description : What is the main informal source of credit for rural households in India ? -SST 10th

Last Answer : The main informal source of credit is moneylenders for the rural households in India.

Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Description : Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Last Answer : The rural borrowers depend on the informal sector for credit because : (i) Absense of collateral and documentation with rural borrowers. (ii) Flexible loans in term of timelines, interest rates, procedural ... the group is regular in savings for year or two, it can avail loan from the bank.

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.

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.

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.