Which segment of the society receives formal credit? -SST 10th

Which segment of the society receives formal credit? -SST 10th
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1 Answer

Answer :

It is the richer segment of society which receives formal credit.
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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.

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.

How can the formal sector loans be made beneficial for poor farmers and workers ? Suggest any five measures. -SST 10th

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Why are most of the poor households deprived of the formal sector of loans ? -SST 10th

Description : Why are most of the poor households deprived of the formal sector of loans ? -SST 10th

Last Answer : The absence of proper documents and collateral deprive most of the poor of credit facilities extended by the formal sector.

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.

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.

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

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.

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.

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 are most of the poor households deprived from the formal sector of loans ? -SST 10th

Description : Why are most of the poor households deprived from the formal sector of loans ? -SST 10th

Last Answer : They are deprived from the formal sector of loans because of : (i) Lack of collateral. (ii) They are illiterate. (iii) They cannot fulfil the formalities of the formal sector of loans.

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.

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.

How can the formal sector loans be made beneficial for poor farmers and workers ? -SST 10th

Description : How can the formal sector loans be made beneficial for poor farmers and workers ? -SST 10th

Last Answer : Formal sector loans can be made beneficial for poor farmers and workers in the following ways: (i) Create awareness to farmers about formal sector loans. (ii) Process of providing loans should ... ) While formal sector loans need to expand, it is also necessary that everyone receives these loans.

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

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

Last 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 ... loan. (iii) Formal credit can fulfil various needs of the people through providing cheap and affordable credit.

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.