Question

explain why the supervision of functioning of formal sector of loans is necessary

Answer 1

The supervision of functioning of formal sector of loans is necessary as we take an example of bank so bank is within the reach of the government interactions, so it also requires to keep a check on how it is functioning, how much profit are the making and how much loss are they suffering from. They also require to give their proper estimation of well functioning to the government as they are made responsible by the government to the citizens of the nation. And also, there are some chances that they face some difficulties in functioning of there a provision and their work so it also requires a proper check so that the government can see or advice for the steps that the need to look up for.

Answer 2

Explanation:

Hey mate i will help u

Refers with attachments