Question

Give any two examples of informal seets of credit​

Answer 1

Answer:

Two examples of informal credit are:

• Moneylender
• Friend or relative

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Answer 2

Answer:

Give any two examples of the informal sector of credit

The credit activities of the formal sector are supervised by the Reserve Bank of India.

There is no government or private organisation that manages or check the credit activities performed by informal sources.

Formal sector loans are such loans which are taken either from the banks or the co-operatives.

Step-by-step explanation:

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