Question

Difference between organised and unorganised financial institutions in a financial system

Answer 1

organised sector has more income for its employees


and

unorganised sector has low income for its employees

Answer 2

The following difference between organised and unorganised financial institutions in a financial system.

Explanation:

The organised sector of the money market con­sists of the Reserve Bank of India, commercial banks, companies lending money, financial inter­mediaries such as the Life Insurance, Credit and Investments Corporation of India, Unit Trust of India, Land Mortgage Banks, Cooperative Banks, Insurance Companies etc. and call loan brokers, and stock brokers.

The unorganised sector of the money market is largely made up of indigenous bankers, money lenders, traders, commission agents etc., some of whom combine money lending with trade and other activities.