State any three advantages of formal sources of credit.

Asked by Last Modified  

1 Answer

Learn Economics +1

Follow 1
Answer

Please enter your answer

These institutions are regulated by the Reserve Bank Of India. Their rates of interest for loans are controlled. 1. The rates and terms are fixed.2. There is no exploitation by the lenders.3. Everyone can take a loan that includes big businessmen as well as the small cultivators or browser.
read more
These institutions are regulated by the Reserve Bank Of India. Their rates of interest for loans are controlled. 1. The rates and terms are fixed.2. There is no exploitation by the lenders.3. Everyone can take a loan that includes big businessmen as well as the small cultivators or browser. read less
Comments

Related Questions

Can I start IIT coaching in class 12?
You should've started from class 11 itself, but it is better late than never. So please join for coaching asap
Divya
0 0
8
Is B.Sc. option better than B.Tech. after Class 12?
This entirely depends upon your choice, ambition and your past academic performance all taken together commensurating with your own aptitude.While doing B.Sc. one thing should be kept in mind that after...
Avinash
sir my age is 35 if its possible to write any bank exam or any other exam
Looking for bank job is fine. It can take a huge time. please try to get a job in IT or Bpo for mean time and start your earning. I am a unique trainer for language and interview skills.
Sumitha
0 0
5
Is it necessary to go to coaching or tuition for English in class 12 CBSE?
I think those students who are studying in a CBSE schools.They won't need.
Brahma
0 0
6
How should I study in class 11 medical without coaching?
Taking up medical agree puc might help you get rid of mathematics, nevertheless you got to learn maths to understand physics. Hence biology being the main part engulfing more marks, got got to be having...
Abishiek
0 0
8

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons


Indian Economy on the Eve of Independence
Questions: What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies? Ans: The economic policies developed by the British...

A short concept of Fiscal Deficit in Economics :--
A fiscal deficit occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings. Deficit differs from debt, which is an accumulation of yearly deficits. A...

What is Monetary Policy Committee (MPC) ?
The new MPC is to be a six member panel that is expected to bring "VALUE and TRANSPARENCY" to rate setting decisions. It will feature three members from the RBI- the Governor, a Deputy Governor , and another...

Barter System - Drawbacks of Barter System, Class 12, NCERT, Macro Economics
Economics - CBSE Std XIIth, State Board, ICSE/ISC, IGCSE/GCSE

Recommended Articles

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

Read full article >

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

Looking for Class 11 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you