WebAdvertisement. Which one of the following is a formal source of credit? Traders. Cooperative societies. Money-lenders. Money-lenders. 710 Views. Answer. Advertisement. WebAug 27, 2024 · ( i ) Formal sources of credit charges low rate of interest in comparison to informal sources which encourage farmers and producers to expand their production with the help of loan . ( ii ) The terms and conditions of formal sources of credit are easy in comparison to informal sources .

Write the difference between formal and informal sources …

WebMODERN FORMS OF MONEY 1. We have seen that money can act as a medium of exchange in transactions. 2. Before the introduction of coins, various objects were used as money. 3. Indians used grains and cattle from very early ages as money. Currency 1. Modern forms of money include currency – paper notes and coins. 2. WebFormal sources of credit does not include: from Social Science Money and Credit Class 10 CBSE Money and Credit Which one of the following is the appropriate meaning of collateral? It is the sum total of money borrowed from banks The amount borrowed from friends It is an asset of the borrower used as guarantee to a lender how to incorporate a town in arizona

MCQ Questions for Class 10 Economics: Ch 3 Money and Credit

WebFormal sources of credit do not include employers as there is no role of these employers all these works are related to banks and the cooperatives. Employers are there merely to … WebQ2 Formal sources of credit does not include- (NCERT QUESTION) A Banks B Cooperatives C Employers D All of the above Ans C Employers Q3 Double coincidence of wants means ____________. A What a person desires to sell is exactly what the other person wishes to buy. B what a person desires to sell is exactly what the other person … WebFormal sources of credit do not include: (a) banks (b) cooperatives (c) employers (d) none of these. 13. Informal sector loans include: (a) NABARD (b) State Bank of India … how to incorporate a source into an essay