WebFormal sources of credit which includes loans from banks and cooperatives need to be expanded in India to save the poor households from the exploitation of the informal sources of credit. In the informal sector there is no organisation to supervise the credit activities of lenders. ... Formal source of credit does not include (i) banks (ii ... WebExplanation: Formal sources of credit include Banks and Cooperative Societies which: provide credit at the low rate of interest to the borrowers and are regulated and supervised by the RBI on behalf of the Central Government in India. Related Theory The informal lenders include moneylenders, traders, employers, relatives and peer groups.

Difference between Formal and Informal Sources of Credit

WebFormal sources of credit do not include : (a) Banks (b) Cooperatives (c) Employers (d) None of the above. Answer. Answer: (c) Employers WebThese informal sources of credit include moneylenders, agricultural traders, etc. c. Explain with an example of how the terms of credit can be unfavourable for the small farmer. Answer: When a small-scale farmer borrows money from a bank, they have to repay the amount at a fixed rate of interest. emory university sports logo

Which of the following does the terms of credit NOT include?

WebQ2 Formal sources of credit does not include- (NCERT QUESTION) A Banks. B Cooperatives. C Employers. D All of the above . Ans C Employers . Q3 Double coincidence of wants means _____. A What a person desires to sell is exactly what the other person wishes to buy. B what a person desires to sell is exactly what the other person also … WebAnswer: The difference between formal and informal sources credit are tabulated below. Formal sources of loans. Informal source of loans. The formal sources of loans that … WebFormal sources of credit do not include employers as there is no role of these employers all these works are related to banks and the cooperatives. Employers are there merely to … drama classes north shore