Why is it been considered necessary to replace the private moneylender by institutional sources of credit?

Asked by Last Modified  

2 Answers

Learn Economics +1 Class XI-XII Tuition (PUC)

Follow 1
Answer

Please enter your answer

Sairam Moturi

Accountancy and Finance Professor with 10 years of experience

Private Money lenders are unorganised sources of credit and they charge higher interest rates and may not follow legislation(law) which will put more burden on the person who took debt from them. So its considered necessary to replace the credit lending by institutional sources who follow credit giving...
read more
Private Money lenders are unorganised sources of credit and they charge higher interest rates and may not follow legislation(law) which will put more burden on the person who took debt from them. So its considered necessary to replace the credit lending by institutional sources who follow credit giving policy as per laws. read less
Comments
Dislike Bookmark

Tutor

Private Money lenders are unorganised sources of credit and they charge differentinterest rates and may not follow the rules of RBI . Which affect the monetory system. On the individual who borrow from the money lenderd will burden person who took debt from them with higher interest rate. So its considered...
read more
Private Money lenders are unorganised sources of credit and they charge differentinterest rates and may not follow the rules of RBI . Which affect the monetory system. On the individual who borrow from the money lenderd will burden person who took debt from them with higher interest rate. So its considered necessary to replace the credit lending by institutional sources who follow credit giving policy as per laws. read less
Comments
Dislike Bookmark

Related Questions

What if I change my coaching institute for my class 12 JEE preparation (I'm now in 11th)?
If you think the current institution is not good enough to meet your needs, I think it's better to change!
Latha
0 0
5
Are coaching classes compulsory in class 11 in commerce?
It is not compulsory but right coaching will give better understanding of the subject.
Krishan
0 0
7
Is going to coaching necessary for chemistry class 11 CBSE?
Better is that u can use different reference text book and creat own notes which are use full for your study.
Pradeep
0 0
5
Which Coaching Institute provides best study Material for Mathematics of class 12?
IIT Junction in Wakad Pune will get you the best material for your preperation
Y
0 0
8
Who is the best physics coaching teacher in Ghaziabad for class 12 board study?
Good choching
Rakhi
0 0
5

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
Name some notable economists who estimated India’s per capita income during the colonial period. Ans: The following economists estimated India’s per capita income during the colonial...

Deepika agrawal

0 0
0
Statistics
Measures of Central Tendency: There are three measures of central tendency that are: Mean: It is used to represent the average of the data. Median: It is used to represent the middle value. Mode:...

Astha V.

0 0
0
Types of Demand - Micro Economics, Class 12
Economics - NCERT, ICSE/ISC, State Board, IGCSE/GCSE

Rajiv Vadera

1 0
0
INFLATION
Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central Banks attempt to limit inflation —...

Srinivas

0 0
0
Adam Smith's Economic theory
The classical principle of unfastened marketplace economics, to paintings right, has greater necessities than maximum fans realize of or intentionally pick out to ignore. Several years earlier than he...

Nadeem Khan

0 0
0

Recommended Articles

Science, Arts Or Commerce - Which One To Go For?

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 >

How To Choose The Right School For Children?

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

6 Exam Hall Tips To Follow, For Every Good Student

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 >

The Trend of E-learning and it’s Benefits

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

Find Class 11 Tuition near you
Class 11 Tuition in Delhi
Class 11 Tuition in Bangalore
Class 11 Tuition in Hyderabad
Class 11 Tuition in Kolkata
Class 11 Tuition in Mumbai
Class 11 Tuition in Chennai
Class 11 Tuition in Pune
Class 11 Tuition in Gurgaon
Class 11 Tuition in Noida
Class 11 Tuition in Ghaziabad

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