Banks and cooperatives help people in obtaining cheap and affordable loans' Which values according to you do this statement support ? -SST 10th

Banks and cooperatives help people in obtaining cheap and affordable loans' Which values according to you do this statement support ? -SST 10th
by

1 Answer

Answer :

Banks and cooperatives help people: 1. The informal sector lends at a high-interest rate especially in the rural areas so much of the income of the borrower goes in repaying loans rather than investing it. 2. Often it leads to debt trap where the amount to be repaid is more than the borrower's income and he has to borrow more. 3. Affordable loans from formal sector would lead to a higher income which they may use for other needs. 4. The poor may use it for growing crops, doing business or even setting up a small-scale industry. 5. If people are able to invest, it would help in the development of the country.
by

Related questions

Why should the banks and cooperatives societies provide more loan facilities to the rural households in India? -SST 10th

Description : Why should the banks and cooperatives societies provide more loan facilities to the rural households in India? -SST 10th

Last Answer : The banks and cooperative socities more lian facilties to the rural houshold in india its reason are 1. the formal source of credit is low interest rate to the poor household 2. the poor houshold taking ... to banks 4. the formal source of credit is not discriminated the rich and poor hope it help!

Why is it necessary for banks and cooperatives to increase their lending in rural areas ? -SST 10th

Description : Why is it necessary for banks and cooperatives to increase their lending in rural areas ? -SST 10th

Last Answer : Necessity for the banks and cooperative societies to increase their lending facilities in rural areas : (i) Dependence on informal sources of credit reduces. (ii) To provide more loan facilities ... to increase the lending facilities to improve the livelihood of the people in the rural areas.

Which of the following is a disaster mitigation strategy? a. Constructing cyclone shelters b. Giving loans from banks c. Providing cheap electricity d. Providing school uniforms to children

Description : Which of the following is a disaster mitigation strategy? a. Constructing cyclone shelters b. Giving loans from banks c. Providing cheap electricity d. Providing school uniforms to children

Last Answer : a. Constructing cyclone shelters

How are cooperatives functioning in the rural areas to solve the problem of credit? -SST 10th

Description : How are cooperatives functioning in the rural areas to solve the problem of credit? -SST 10th

Last Answer : . Besides banks, the other major source of cheap credit in rural areas are the cooperatives. . Members of a cooperative, pool their resources for cooperation in certain areas. . Cooperatives form ... provide loans to members. Once these loans are repaid, another round of lending can take place.

Who are eligible for obtaining a PLI Policy of the following a) Central/Stage Govt employees b) Defense services c) Nationalized banks/RBI d) All the above

Description : Who are eligible for obtaining a PLI Policy of the following a) Central/Stage Govt employees b) Defense services c) Nationalized banks/RBI d) All the above

Last Answer : d) All the above

Cheap and affordable credit is crucial for the country's development.' Assess the statement. -SST 10th

Description : Cheap and affordable credit is crucial for the country's development.' Assess the statement. -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.

‘Cheap and affordable credit is crucial for the country’s development’. Explain the statement with four points. -SST 10th

Description : ‘Cheap and affordable credit is crucial for the country’s development’. Explain the statement with four points. -SST 10th

Last Answer : If the loans are cheap and affordable, this can lead to countries development in the following ways : (i) Cheap loans results in higher incomes and higher profits which can help in the expansion ... can be distributed more equally which helps in benefitting the poors by the help of cheaper loans.

“Most of the poor households still depend on the informal sector for loans, both in rural and urban areas of India”. Support the statement with three examples. -SST 10th

Description : “Most of the poor households still depend on the informal sector for loans, both in rural and urban areas of India”. Support the statement with three examples. -SST 10th

Last Answer : '(i) Banks are not present everywhere in rural India. Even when they are present, getting a loan from a bank is much more difficult than taking a loan from informal sources. ... collateral. The borrowers can, if necessary, approach the moneylenders even without repaying their earlier loans.

How many cooperatives are in India?

Description : How many cooperatives are in India?

Last Answer : 3234

Farmers cooperatives were most common among?

Description : Farmers cooperatives were most common among?

Last Answer : Fruit growers in the West.

Distribution of food rains operates under a two her system with the introduction of - (1) Targetted Public Distribution System (2) The Consumers Cooperatives (3) The Cooperative Marketing Societies (4) The Service Cooperatives

Description : Distribution of food rains operates under a two her system with the introduction of - (1) Targetted Public Distribution System (2) The Consumers Cooperatives (3) The Cooperative Marketing Societies (4) The Service Cooperatives

Last Answer : (1) Targetted Public Distribution System Explanation: The Targeted Public Distribution System (TPDS) replaced the erstwhile PDS from June 1997. Under the new system a two tier subsidized pricing system was introduced to benefit the poor.

In which state more than 90% ration shops are run by cooperatives (a) Andhra Pradesh (b) TamilNadu (c) Orissa (d) Bihar

Description : In which state more than 90% ration shops are run by cooperatives (a) Andhra Pradesh (b) TamilNadu (c) Orissa (d) Bihar

Last Answer : (b) TamilNadu

Distribution of food rains operates under a two tier system with the introduction of (1) Targetted Public Distribution System (2) The Consumers Cooperatives (3) The Cooperative Marketing Societies (4) The Service Cooperatives

Description : Distribution of food rains operates under a two tier system with the introduction of (1) Targetted Public Distribution System (2) The Consumers Cooperatives (3) The Cooperative Marketing Societies (4) The Service Cooperatives

Last Answer :  Targetted Public Distribution System

The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Description : The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Last Answer : D. Central Fraud Registry Explanation: The Reserve Bank of India has operationalised a Central Fraud Registry (CFR). The registry will make available more information to banks at the time of starting a ... of an account. The CFR is a centralised searchable database which can be accessed by banks.

Which one of the following statements best defines procd. The process by which products and services required for the project are acquired.urement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and activities that transform inputs into outputs. c. The description of the purpose, form and components to support delivery of a product.

Description : Which one of the following statements best defines procurement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and ... product. d. The process by which products and services required for the project are acquired.

Last Answer : d. The process by which products and services required for the project are acquired.

Which one of the following statements best defines procurement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and activities that transform inputs into outputs. c. The description of the purpose, form and components to support delivery of a product. d. The process by which products and services required for the project are acquired.

Description : Which one of the following statements best defines procurement?  a. A technique to establish the best approach for obtaining the resources for the project.  b. A group of interrelated resources and ... product.  d. The process by which products and services required for the project are acquired.

Last Answer : d. The process by which products and services required for the project are acquired.

4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Last Answer : a. it is a system of 12 central banks

Do banks make serial bad loans so that they will have more money to lend?

Description : Do banks make serial bad loans so that they will have more money to lend?

Last Answer : Huh? A bad loan gives them less money to lend, not more. They make bad loans because of mismanagement.

What banks do student loans directly at banks ?

Description : What banks do student loans directly at banks ?

Last Answer : Navy federal. PNC bank use to but I don’t know if they still do.

What do many banks consider student loans risky investments?

Description : What do many banks consider student loans risky investments?

Last Answer : They can't provide Collateral - Apex : )

What banks give tax refund loans?

Description : What banks give tax refund loans?

Last Answer : USA Today, Bank of America, Chase, Regions and H&R block are all examples of banks that will give you a tax refund loan. You must contact your bank to find more information on rates.

What banks offer the best home improvement loans?

Description : What banks offer the best home improvement loans?

Last Answer : You can go to your personal bank to apply for a home improvement loan. The most common home improvement loan would be a home equity line of credit which is secured against the equity in your home.

Shop Banks for Great Auto Loans?

Description : Shop Banks for Great Auto Loans?

Last Answer : It is unfortunate that many people think that the interest rate for their auto loan is set in stone, when the reality is that a savvy consumer can save thousands of dollars on his or her auto loan ... , which makes it impossible for a salesman to do anything except offer a better deal. 3. Fix cred

Auto Loans Banks?

Description : Auto Loans Banks?

Last Answer : Auto loans banks include online lenders as well as local, regional and national banks. Almost all are reputable financial institutions, and the way to choose between auto loans banks includes ... bonuses or discounts on insurance or road assistance club membership before deciding on a loan.

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.

B) Scheme for Sustainable Structuring of Stressed Assets Explanation: Under a new ‗Scheme for Sustainable Structuring of Stressed Assets‘ (S4A), RBI allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

Description : B) Scheme for Sustainable Structuring of Stressed Assets Explanation: Under a new ‗Scheme for Sustainable Structuring of Stressed Assets (S4A), RBI allowed banks to take equity in debt ... loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

Last Answer : Which bank has launched India‟s first certified green bond at London Stock Exchange (LSE)? A) State Bank of India B) Bank of Baroda C) ICICI Bank D) Axis Bank E) None of these

Which of the following High Courts has ruled that banks can recover bad loans from person‟s saving account if the agreement allows? A) Punjab and Haryana B) Madras C) Mumbai D) Assam E) Kerala

Description : Which of the following High Courts has ruled that banks can recover bad loans from person‟s saving account if the agreement allows? A) Punjab and Haryana B) Madras C) Mumbai D) Assam E) Kerala

Last Answer : B) Madras Explanation: If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench

SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Description : SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Last Answer : C) 0.6% Explanation: Based on the methodology announced by the central bank, SBI will need to maintain additional capital equivalent to 0.6 per cent of its loans and investments while ICICI will need to maintain 0.2 per cent more.

The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Description : The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Last Answer : C. Middle Income Developing Countries Explanation: The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries.

Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.

Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)

Description : Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)

Last Answer : E. Both (A) and (C) Explanation: Payment banks cannot issue loans and credit cards while at the same time current account and savings accounts can be operated by such banks.

Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Description : Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending.

Bank assurance means ? 1. Assurance given by banks to loaners 2. Assurance to bank with one bank 3. Assurance to repay loans 4. Assurance to give good service 5. Selling insurance product through bank

Description : Bank assurance means ? 1. Assurance given by banks to loaners 2. Assurance to bank with one bank 3. Assurance to repay loans 4. Assurance to give good service 5. Selling insurance product through bank

Last Answer : Selling insurance product through bank

The interest rate charged by banks on short term loans to their largest, most secure and most creditworthy customers is called _______

Description : The interest rate charged by banks on short term loans to their largest, most secure and most creditworthy customers is called _______

Last Answer : Prime lending rate

Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.

Description : Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.

Last Answer : (a) Issue of paper notes.

From which of the following banks did Madan Mohan Malaviya take loans for financing "The Hindustan Times"? (SSC CGL 1st Sit. 2013) (a) State Bank of India (b) Punjab National Bank (c) Bank of Maharashtra (d) Bank of Baroda

Description : From which of the following banks did Madan Mohan Malaviya take loans for financing "The Hindustan Times"? (SSC CGL 1st Sit. 2013) (a) State Bank of India (b) Punjab National Bank (c) Bank of Maharashtra (d) Bank of Baroda

Last Answer : (b) Punjab National Bank

Which of the following sources is not use for medium term financing? A. Issue of equity shares. B. Issue of debentures. C. Term loans from banks. D. Sale of current asset.

Description : Which of the following sources is not use for medium term financing? A. Issue of equity shares. B. Issue of debentures. C. Term loans from banks. D. Sale of current asset.

Last Answer : A. Issue of equity shares.

Which of the following is not an aspect of appraisal of term loans by commercial banks? A. Financial feasibility. B. Technical feasibility. C. Economic feasibility. D. Societal feasibility.

Description : Which of the following is not an aspect of appraisal of term loans by commercial banks? A. Financial feasibility. B. Technical feasibility. C. Economic feasibility. D. Societal feasibility.

Last Answer : D. Societal feasibility.

The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : sale of stocks and bonds to the public

“Cheap and affordable credit is crucial for the country’s development.” -SST 10th

Description : “Cheap and affordable credit is crucial for the country’s development.” -SST 10th

Last Answer : Cheap and affordable credit is crucial: . Many people want to start an enterprise by borrowing may not do because of high cost of borrowing. . Banks and cooperative societies need to lend more. . This ... for a variety of needs. . They could grow crops, do business or set up small scale industries.

Cheap and affordable credit is essential for poor households both in rural and urban areas.' -SST 10th

Description : Cheap and affordable credit is essential for poor households both in rural and urban areas.' -SST 10th

Last Answer : Cheap and affordable credit is essential for poor households: 1. The informal sector lends at a high-interest rate in rural areas so the cost for the borrower is much more. 2. When the cost of borrowing ... where the amount to be repaid is more than the borrower's income and he has to borrow more.

What is Credit ? Why is cheap and affordable credit important for the country's development ? -SST 10th

Description : What is Credit ? Why is cheap and affordable credit important for the country's development ? -SST 10th

Last Answer : Credit refers to an agreement in which a lender supplies the borrower with money, goods or services in return for the promise of future payment. Cheap and affordable credit is important for development: 1 ... and this shall give them a way to increase production like buying a new piece of land.

Why is cheap and affordable credit important for the country’s development? Explain three reasons. -SST 10th

Description : Why is cheap and affordable credit important for the country’s development? Explain three reasons. -SST 10th

Last Answer : Cheap and affordable credit is important for the country's development because of the following reasons: (i) This would lead to higher incomes and many people could then borrow cheaply for a variety of ... could set up new industries or trade in good. All these lead to the country's development.

“Cheap and affordable credit is crucial for the country’s development.’’ -SST 10th

Description : “Cheap and affordable credit is crucial for the country’s development.’’ -SST 10th

Last Answer : Credit for country development: (i) Higher cost of borrowing means a larger part of the earnings of the borrowers is used to repay the loan. Hence, borrowers have less income left for themselves. (ii) ... , Set-up small-scale industries, etc. (v) They could Set-up new industries or trade goods.

A concave mirror of focal length 15 cm can form a magnified, erect as well as inverted image of an object placed in front of it." Justify this statement stating the position of the object with respect to the pole of the mirror in both the cases for obtaining the images. -Science

Description : A concave mirror of focal length 15 cm can form a magnified, erect as well as inverted image of an object placed in front of it." Justify this statement stating the position of the object with respect to the pole of the mirror in both the cases for obtaining the images. -Science

Last Answer : For magnified and erect image the object is placed between pole P and focus F. For magnified and inverted image the object is placed either at focus or anywhere between F and C.

The following statement(s) is/are true concerning initial microbiologic diagnostic techniques. a. Appropriate expeditious transport of specimens to the microbiology laboratory is essential for obtaining accurate clinical information b. The use of potassium hydroxide in preparing a specimen slide for light microscopy will be useful in identification of anaerobic bacteria c. Antibiotic sensitivity is determined by exposing the specific microorganism to varying amounts of antibiotic with the concentration of the antibiotic inhibiting growth referred to as the MIC (minimal inhibitory concentration) d. Serum levels of antimicrobial agents should achieve in excess of a 4-to 8-fold increase over the MIC to be considered clinically efficacious.

Description : The following statement(s) is/are true concerning initial microbiologic diagnostic techniques. a. Appropriate expeditious transport of specimens to the microbiology laboratory is essential for obtaining accurate ... a 4-to 8-fold increase over the MIC to be considered clinically efficacious.

Last Answer : Answer: a, c, d Because most surgical infections are polymicrobial, specimens should be cultured for aerobic and anaerobic bacteria, as well as fungi. Although aerobic and aerotolerant ... fold increase over MIC during the peak serum level have been demonstrated to be clinically efficacious

An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity's operating activities in relation to specified objectives is a(n): a. External audit b. Compliance audit c. Operational audit d. Financial statement audit

Description : An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity's operating activities in relation to specified objectives is a(n): a. External audit b. Compliance audit c. Operational audit d. Financial statement audit

Last Answer : Operational audit