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

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

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.

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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? Explain its functioning. -SST 10th

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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

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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.

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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.

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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.

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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.

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