Q.1:- The following table shows people in a variety of occupations in urban areas. What are the purposes for which the following people might need loans? Fill in the column….
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(i) In a SHG most of the decisions regarding savings and loan activities are taken by (ii) Formal sources of credit does not include
Q.13:- Choose the most appropriate answer. (i) In a SHG most of the decisions regarding savings and loan activities are taken by (a)bank (b) members (c) non-government organization (ii) Formal…
Fill in the blanks | economics chapter 3 solution class 10
Q.12:- Fill in the blanks. (i) Majority of the credit needs of the…………….. households are met from informal sources. (ii) ……………… costs of borrowing increase the debt-burden. (iii) ……………… issues…
(a) Why might banks be unwilling to lend to small farmers? (b) What are the other sources from which the small farmers can borrow? (c) Explain with an example how the terms of credit can be unfavorable for the small farmer (d) Suggest some ways by which small farmers can get cheap credit to.
Q.11:- In India about 80% of farmers are small farmers, who need credit for cultivation. (a) Why might banks be unwilling to lend to small farmers? (b) What are the…
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.
Q.10:- Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss. Answer:- Manav…
Analyse the role of credit for development.
Q.9:- Analyse the role of credit for development. Answer:- Development is sustained by a proper credit policy. By giving loans to industries and trade, banks provide them with the…
In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary?
Q.8:- In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary? Answer:- The Reserve Bank of India supervises the functioning of…
What are the reasons why the banks might not be willing to lend to certain borrowers?
Q.7:- What are the reasons why the banks might not be willing to lend to certain borrowers? Answer:- A number of borrowers have no collateral to pledge against loans….
What is the basic idea behind the SHGs for the poor? Explain in your own words.
Q.6:- What is the basic idea behind the SHGs for the poor? Explain in your own words. Answer:- The basic idea behind the SHGs is meant to create self…
Why do we need to expand formal sources of credit in India?
Q.5:- Why do we need to expand formal sources of credit in India? Answer:- The formal sector still meets only about half of the total credit needs of the…