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Question & Answer Forum

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V s commented 2 year(s) , 11 month(s) ago

Why cheap and affordable cridet is crucial for our country development.

Cheap and affordable credit is crucial for the country's development due to the following factors:

More lending would lead to higher incomes and encourage people to invest in agriculture, engage in b

...

Asked by Aditya

Dec 16

  • 1 Answer
  • 5 Likes
  • 25062 Views
Syeda answered 1 year(s) , 8 month(s) ago

How credit plays a vital and positive role for development ?

Credit plays a crucial role in a country’s development. By sanctioning loans to developing industries and trade, banks provide them with the necessary aid for improvement.
This leads to increase in the

...

Asked by Kiran

Mar 8

  • 3 Answers
  • 1 Like
  • 24999 Views
Aruna kumari answered 4 year(s) , 2 month(s) ago

What is Debt Trap?

A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.
An incentive structure that lures individuals into accepting...

Asked by Devesh

Nov 23

  • 2 Answers
  • 4 Likes
  • 21489 Views
Akash answered 3 year(s) , 11 month(s) ago

What are the functions of RBI?

Functions of RBI: *RBI issues currency notes on behalf of the central govt.
*RBI supervises the functioning of formal source of loans.
*RBI monitors the banks in actually maintain...

  • 1 Answer
  • 0 Like
  • 12198 Views
Aruna kumari answered 3 year(s) , 10 month(s) ago

Why has the national manufacturing competitiveness council has been set up?

The NMCC has been setup with the objective to improve productivity in this decade and bring it up to 12% per annum.

It is a 1 marker question.

  • 2 Answers
  • 3 Likes
  • 10011 Views
Ayushman answered 4 year(s) , 1 month(s) ago

Why demand deposits are considered as a form of money??

this is because we can withdraw money whenever we need and make payment from this

Asked by Aditya

Dec 28

  • 2 Answers
  • 1 Like
  • 8631 Views
Aruna kumari answered 4 year(s) , 2 month(s) ago

Define Barter System?

to buy something u pay in the form of another thing instead of money.
eg: for 1 kg of wheat say 8 sugarcanes.
bt everytime carring shoes or other things to buy what we need will not do therefore...

Asked by Mahathi

Nov 27

  • 2 Answers
  • 0 Like
  • 8540 Views
Aruna kumari answered 3 year(s) , 11 month(s) ago

Why are transactions made in money?

Money  is authorised by the government of the country and no one can refuse it , so it act as an  intermediate the use of money make exchange of things easier and eliminates the need of double coincidence of

...

Asked by Premwati

Feb 12

  • 2 Answers
  • 1 Like
  • 6943 Views
Aruna kumari answered 3 year(s) , 10 month(s) ago

Write the role of banks in the economy of a country

1)banks earn profit which is added to rbi which is a government organisation.
2)banks provide loans for profit making businesses.
3)banks also provide loans at cheap rates to farmers so that the...

Asked by Anil

Mar 10

  • 2 Answers
  • 1 Like
  • 6244 Views
B haritha sri answered 3 year(s) , 11 month(s) ago

Explain the composition and functioning of SHG in rural India.

SHG is abbreviated as Self Help Groups. 
As the name suggests the members of this group are benefitted by other persons and also getting employment in banks.
SHG has 15-20 members in a group. <...

Asked by Ayesha

Mar 8

  • 1 Answer
  • 0 Like
  • 5369 Views
Aruna kumari answered 3 year(s) , 11 month(s) ago

Explain loan activities of a bank .


Banks provide loans for various economic activities.
The depositers deposit money in the bank and get interest.
Banks keep only a small propotions of the deposits with them as cash....

Asked by Premwati

Feb 12

  • 1 Answer
  • 0 Like
  • 4347 Views
Aruna kumari answered 4 year(s) , 2 month(s) ago

Define Money.

A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including among its forms a commodity such as gold, an officially issued coin or note, or a deposit...

Asked by Mahathi

Nov 27

  • 2 Answers
  • 1 Like
  • 4315 Views
Umakant answered 3 year(s) , 11 month(s) ago

What do you mean by plastic money? Pls explain.

Plastic money: Generic term for all types of bank cards, credit cards, debit cards, smart cards, etc.

Asked by Navya

May 28

  • 3 Answers
  • 2 Likes
  • 3905 Views
Aruna kumari answered 4 year(s) , 1 month(s) ago

Write a short note on Grameen bank of Bangladesh?

Grameen bank of Bangladesh started in 1970s as a small project now it has 6 million borrowers in about 40,000 villages spread across Bangladesh.
All all of the borrowers are women and belong to the poor...

Asked by Aditya

Dec 16

  • 1 Answer
  • 1 Like
  • 3718 Views
Ayushman answered 4 year(s) , 1 month(s) ago

Why banks are not willing to lend money to certain borrowers??

Banks do not wish to give loans to the poor, who have no collateral. Bank loans require proper documents and collateral.

Asked by Aditya

Dec 28

  • 3 Answers
  • 0 Like
  • 3696 Views
Aruna kumari answered 4 year(s) , 1 month(s) ago

State the functions of banks.

The main functions of commercial banks are accepting deposits from the public and advancing them loans.
However, besides these functions there are many other functions which these banks perform. All th

...

Asked by Aditya

Dec 16

  • 1 Answer
  • 0 Like
  • 3503 Views
Aruna kumari answered 4 year(s) , 1 month(s) ago

What are the functions on money?

Money is often defined in terms of the three functions or services that it provides.
Money serves as a medium of exchange,
as a store of value,
and as a unit of account.
Medium of ex...

Asked by Aditya

Dec 16

  • 1 Answer
  • 0 Like
  • 3336 Views
Aruna kumari answered 3 year(s) , 10 month(s) ago

'Forms of currency have undergone several changes' Explain.

yes it is true forms of currency has undergone many changes.
earlier they were of the form of precious metals such as gold ,silver copper etc.
then it also appeared in the form of livestock, gra...

Asked by Theresa

Mar 9

  • 2 Answers
  • 1 Like
  • 2659 Views
Aruna kumari answered 3 year(s) , 10 month(s) ago

What are the weaknesses of formal credit sector?

The rich households are availing credit from formal souces while most of the poor households avail credit from informal sources.
The asking of collateral to poor households who does not own anything whi...

Asked by Ayesha

Mar 8

  • 2 Answers
  • 0 Like
  • 2608 Views
Badigare answered 1 year(s) , 9 month(s) ago

Difference between formal sector loans and informal sector loans with proper points and examples?

Difference between formal sector loans and informal sector loans are as follows: FORMAL SECTOR LOANS INFORMAL SECTOR LOANS 1)These loans are supervised by the RBI 1)They are not under the control of the RB...

Asked by Harjas

Feb 20

  • 2 Answers
  • 0 Like
  • 2574 Views
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