Question

the various types of loans can be conveniently grouped as organised and unorganised

sector loans. (Correct the statement)​

Answer 1

Answer:

Unorganised Financial SystemRelatively less controlled moneylenders,indigenous bankers, lendingpawn brokers, landlords, traders etc. This part of the financial system is notdirectly amenable to control by the ReserveBank of India (RBI

Explanation:

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Answer 2

The correct statement is - The various types of loans can be conveniently grouped as Formal and Informal sector loans.

• Formal sector loans- These sector loans are under the supervision of the Reserve Bank of India. These are loans taken by people from the banks both public and private or cooperatives. The interest for these loans is low compared to the informal sector and Collateral is required to avail of these loans.
• Informal sector loans- These sector loans are under no supervision and done in informal ways in the villages by local moneylenders and other rich people. The interest rates are very high and no collateral is taken as security.