Political Science, asked by rajeevsaxena156, 2 months ago

6. Mention four characteristics each of the formal
and informal sector of credit.

Answers

Answered by 1157684

6

Answer:

Regulated by the RBI.

Maintain proper records.

Lower interest rates.

Loans may require collateral.

Banks and cooperatives.

Mostly sought after by the rich.

Extensive network in the urban areas; comparatively less in the rural areas.

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