Assertion : SHG is a formal source of credit.
Reason : It helps the borrower to overcome the problem of lack of collateral.
Organised credit is also called
In which of the following systems exchange of goods is done without use of money?
Which one of the following is not a modem form of money?
Assertion : The rupee is widely accepted as a medium of exchange in India.
Reason: It is authorised by the government of the country.
Bank laying down norms for bank is
Banks.provide a higher rate of interest on which of the following accounts?
Fixed deposits for long period means that the bank would be able to use the money for more profit and thus would give a higher rate of interest.
Which institution in India issues currency notes ?
Assertion: The credit activities of the informal sector should be discouraged.
Reason: Getting a loan from a bank is much more difficult than taking a loan from the informal resources.
In agricultural stage grains were used a
Banks use the major portion of the deposits to:
How do people hold money with banks ?
Assertion: The RBI supervises the functioning of formal sources loans in India.
Reason: RBI is authorised to issue currency notes.
An example of cooperative society can be of
How much deposits is kept as cash by the banks ?
Which of the following is True with reference to money
(i) It acts as medium of exchange.
(ii) It includes paper notes, coins and demand deposits
Chit funds come under
In India, .......................... issues currency notes on behalf of the Central Government
Percentage of formal sector in total credit in India in poor household is
Which of the following is not a feature of SHG ?
(i) They are controlled by the RBI.
(ii) The group charges no rate of interest from its members.
(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.
(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.