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What are the features of informal credit resources?
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What are the features of informal credit resources? Related: Short An...
Informal resources:
(i) These include those small and scattered units which are largely outside the control of the government.
(ii) There is no organisation which supervises the credit activities.
(iii) They charge much higher rates of interest.
(iv) Their main motive is profit-making.
Example: Moneylenders, traders, employees, relatives and friends, etc.
That's all☺
(i) These include those small and scattered units which are largely outside the control of the government.
(ii) There is no organisation which supervises the credit activities.
(iii) They charge much higher rates of interest.
(iv) Their main motive is profit-making.
Example: Moneylenders, traders, employees, relatives and friends, etc.
That's all☺
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What are the features of informal credit resources? Related: Short Answer Questions (with Solutions) - Chapter 1 - Two Gentlemen of Verona, Class 10, English
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What are the features of informal credit resources? Related: Short Answer Questions (with Solutions) - Chapter 1 - Two Gentlemen of Verona, Class 10, English for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What are the features of informal credit resources? Related: Short Answer Questions (with Solutions) - Chapter 1 - Two Gentlemen of Verona, Class 10, English covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What are the features of informal credit resources? Related: Short Answer Questions (with Solutions) - Chapter 1 - Two Gentlemen of Verona, Class 10, English.
What are the features of informal credit resources? Related: Short Answer Questions (with Solutions) - Chapter 1 - Two Gentlemen of Verona, Class 10, English for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What are the features of informal credit resources? Related: Short Answer Questions (with Solutions) - Chapter 1 - Two Gentlemen of Verona, Class 10, English covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What are the features of informal credit resources? Related: Short Answer Questions (with Solutions) - Chapter 1 - Two Gentlemen of Verona, Class 10, English.
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