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what a person desires to sell is exactly what the other person wishes to buy.
what a person desires to sell is exactly what the other person also wishes to sell.
what a person desires to buy is exactly what the other person also wishes to buy.
None of the above.
Reserve Bank of India (RBI)
Ministry of Finance
Finance Commission
None of the above
As per Indian law, apart from RBI, no other individual or organisation is allowed to issue currency.
The law legalises the use of rupee as a medium of payment that cannot be refused in settling transactions in India
No individual in India can legally refuse a payment made in rupees.
All of the above are true.
25 percent
20 percent
15 percent
5 percent
extend loans
invest in infrastructure
deposit in foreign banks
purchasing land
purchasing house
medical expenses
crop production
Livestocks
Land
Deposits with banks
All of the above
Interest rate
Documentation requirements
Collateral
Members of a cooperative pool their resources for cooperation in certain areas.
Besides banks, the other major source of cheap credit in rural areas are the cooperative societies.
There are several types of cooperatives possible such as farmers cooperatives, weavers cooperatives, industrial workers cooperatives.
All of the above statements are true.
Moneylenders
Traders
Cooperatives
Only (a) and (b)
Moneylenders.
Commercial banks.
Cooperative societies.
Relatives and friends.
There is no organisation which supervises the credit activities of lenders in the informal sector.
RBI stops the money lenders from using unfair means to get their money back.
Compared to the formal lenders, most of the informal lenders charges much lesser interest on loans
Only (b) and (c)
Periodically, banks do not submit information to the RBI on how much they are lending, to whom, at what interest rate, etc.
The Reserve Bank of India does not supervise the functioning of formal sources of loans.
The RBI monitors the banks in actually maintaining cash balance.
None of the above statements are true.
85 percent
70 percent
65 percent
50 percent
10 percent
90 percent
54 percent
64 percent
72 percent
28 percent
53 percent
47 percent
The high interest rate for borrowing can mean that the amount to be repaid is greater than the income of the borrower.
Higher cost of borrowing means a larger part of the earnings of the borrowers is used to repay the loan.
The high interest rate for borrowing can mean that the amount to be repaid is lesser than the income of the borrower.
both (a) and (b.)
MGNREGA
Ayushman
Mid-day Meal Scheme
National Ganga Cleaning Scheme