Question

Give all the differentiate questions in class 10 Social Science
(e.g: 1. formal and informal sector
2.public and private sector
3.formal and informal credit.........)

Answer 1

1. formal sector source are banks and cooperative

2.the banks and cooperatives charge less rate of intrest i.e about 10 per cent per annum

3. its results in more income and better condition of borrower

1. informal sector sourses are moneylender, traders,employers etc

2. informal sector sourses charge higher intrest i.e 3 to 5 per cent per month

3. higher rate of intrest result in less income for the borrowers

Answer 2

Hey Ma8

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# govt owns most of the assets and provide all services is called public sector

# the aim of public sector is to not earning profit

=> example = Hospital and school

# an individual owns the assets and provide services

# it aim of private sector is to earning profit

=> example = honda , dabur and patanjali

# which sources of credit requires collateral is called formal credit

=> example = bank and cooperative

# which sources of credit do not requires collateral is called informal credit

=> example = moneylenders , SHGs and friends

# organised sector = in which sector workers or people get regular monthly salary

and their working hours is fixed

=> example = teacher

# unorganised sector = in which sector workers or people get daily wages and their working hours is not fixed

=> example = Labour

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