Question

Show how reserve bank of india plays a vital role in controlling formal sector loans

Answer 1

Answer:

Government of India helps the population of India by increasing the job facilities and reservation of seats. This control the formal sector loans.

hope it might helps you.

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Answer 2

Answer:

HERE IS YOUR ANSWER DEAR...

Explanation:

A. The Reserve bank of India supervises the functioning of formal sources of credit of India.

B. The RBI monitors that the banks actually maintain a minimum cash balance out of the deposits they receive.

C. RBI ensures that the banks give loans not just to profit making business and traders but also to small cultivators, small-scale industries, small borrowers etc.

D. Periodically banks have to submit information to the RBI on how much they are lending to whom at what interest rates etc.

E. RBI is the central bank of India.