Economy, asked by ShahnwajHussain, 1 year ago

why is the supervision of the functioning of formal sources of law necessary

Answers

Answered by naz99

I think in question you wrote "law" instead of "loans"

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Supervision of formal sources of loans is necessary for the following reasons:

1) So that the targeted groups for whom specific loans have been designed can avail of such loans.

2) In order to check the creditworthiness of prospective clients to minimise defaults.

3) So that the appropriate rates of interest are charged.

4) In order that the targeted economic activity gets a boost.

5) So that the Banks and other lending institutions have adequate resources to meet their lending objectives.

HOPE THIS HELPZ

NAZ:):):)

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Answered by sagar947650

I can't understand what you say.

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