Social Sciences, asked by asadrajpur0801, 4 months ago

loan
Q.4 Rewrite the statement after correcting the underline Pharse.
A Loan given by a landlord is an example of Formal Source of credit.

Answers

Answered by itssmruti10

Answer:

Formal sector credit in India includes loans from banks and cooperatives. RBI supervises their functions of giving loans. Rich urban households depend largely on formal sources of credit. Lower rate of interest on loans is charged as compared to informal sources of credit.

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