Name the various sources of credit in Sonpur. -SST 10th

Name the various sources of credit in Sonpur. -SST 10th
by

1 Answer

Answer :

There are various sources of credit which are available in Sonpur. These are as follows:  (i) Agricultural traders  (ii) Cooperative societies  (iii) Moneylenders  (iv) Commercial banks  (v) Relative and friends, etc.
by

Related questions

Can everyone in Sonpur get credit at cheap rate? -SST 10th

Description : Can everyone in Sonpur get credit at cheap rate? -SST 10th

Last Answer : No, not every one in Sonpur can get credit at cheap rates. Generally some medium farmers, who are literate and have their own land for cultivation, get credit at cheap rates from banks.

What are the various sources of credit in rural areas? Which one of them is the most dominant source of credit and why ? -SST 10th

Description : What are the various sources of credit in rural areas? Which one of them is the most dominant source of credit and why ? -SST 10th

Last Answer : In rural areas, there are both informal sources like moneylenders, traders, relatives etc. and formal sources of credit like commercial banks and cooperative societies. Informal sources are dominant: ... the previous loan. But usually, moneylenders only exploit the poor with high-interest rates.

What are the various sources of credit in rural areas? -SST 10th

Description : What are the various sources of credit in rural areas? -SST 10th

Last Answer : Various sources of credit in rural areas are : (i) Agricultural traders, (ii) Moneylenders, (iii) Commercial banks, (iv) Cooperative societies and (v) Relatives and friends. The most convenient source ... , livestock etc.) and uses this as a guarantee to the lender until the loan is repaid.

People obtain loans from various sources. Name them. -SST 10th

Description : People obtain loans from various sources. Name them. -SST 10th

Last Answer : • Banks and cooperatives (formal sector) • Moneylenders, traders, employers, relatives, friends (informal sector).

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 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.

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.

What are the two categories of sources of credit ? Mention four features of each. -SST 10th

Description : What are the two categories of sources of credit ? Mention four features of each. -SST 10th

Last Answer : The two sources of credit are: Formal Credit: 1. It's provided by banks and cooperatives. 2. Reserve Bank of India regulates the functioning of the formal sources of credit like the interest rate 3. ... get the money back. 4. Most of the times, lenders are poor farmers who fall into debt traps.

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.

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.

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.

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.

What are the two categories of sources of credit? Mention four features of each. -SST 10th

Description : What are the two categories of sources of credit? Mention four features of each. -SST 10th

Last Answer : The two sources of credit are: Formal Credit: 1. It's provided by banks and cooperatives. 2. Reserve Bank of India regulates the functioning of the formal sources of credit like the interest rate 3. ... get the money back. 4. Most of the times, lenders are poor farmers who fall into debt traps.

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.

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 :-

“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.

Ramesh is a student of standard X. He organized many activities in his school to convey the students about the various advantages and disadvantages of using renewable and non-renewable sources of energy. Many students of the school took part and concluded about the best choices of energy sources on this basis. Answer the following questions: (i) What activities Ramesh might have had assigned for the students? (ii) Name any two renewable sources of energy. (in) Which two values are reflected in Ramesh’s thought and action? -Science

Description : Ramesh is a student of standard X. He organized many activities in his school to convey the students about the various advantages and disadvantages of using renewable and non-renewable sources of energy. Many ... of energy. (in) Which two values are reflected in Ramesh's thought and action? -Science

Last Answer : (i) Activities that Ramesh have had assigned for the students are: (a) Hands on projects related to renewable and non-renewable sources of energy. (b) Photograph exhibitions on the topic ... of renewable source of energy. Ramesh’s action: Concern for community advantage and good management.

Define aseptic techniques. What are the various sources of contamination?

Description : Define aseptic techniques. What are the various sources of contamination?

Last Answer : Definition: Aseptic technique  The method which is used to prevent the access of microorganism during the preparation of parenteral product and their testing are called Aseptic Technique Sources of ... are also a source of contamination. A handkerchief is the richest source of contamination. 

What is aseptic technique? List the various sources of contamination and explain the sterility test.

Description : What is aseptic technique? List the various sources of contamination and explain the sterility test.

Last Answer : Aseptic technique:  The method which is used to prevent the access of microorganism during the preparation of parenteral product and their testing are called Aseptic Technique . Sources of contamination: 1) ... the sample is declared to have pass the test and same test is repeated for two times.

List out various renewable energy sources

Description : List out various renewable energy sources

Last Answer : 1. Solar energy 2. Wind energy 3. Ocean energy 4. Hydro energy 5. Biomass energy 

Explain the various sources of funds for rural development.

Description : Explain the various sources of funds for rural development.

Last Answer : 1) A large amount of money is required for rural development. 2) Rural development includes the funds required for agricultural development, infrastructure development, (road, electricity, markets, ... Domestic institutional is a major contribution of funds for development of rural areas.

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.

ommon size Income Statement present the various items as a percentage of ---------------- a) Sales b) Credit sales c) Cash sales

Description : ommon size Income Statement present the various items as a percentage of ---------------- a) Sales b) Credit sales c) Cash sales

Last Answer : a) Sales