Which government body supervises the functioning of formal sources of loans in India Explain its functioning cbse civics class10 2012

The Eduladder is a community of students, teachers, and programmers just interested to make you pass any exams. So we solve previous year question papers for you.
See Our team
Wondering how we keep quality?
Got unsolved questions?

Ask Questions
-cbse-civics-class10-2012-->View question


Which government body supervises the functioning of formal sources of loans in India? Explain its functioning.-cbse-civics-class10-2012

Which government body supervises the functioning of formal sources of loans in India? Explain its functioning.


By:Amogh

Taged users:


Likes:
Be first to like this question

Dislikes:
Be first to dislike this question

Talk about thisDelete|Like|Dislike|


Answers

  • The Reserve Bank of India supervises the functioning of formal sources of loans
  • The RBI monitors the banks in actually maintaining cash balance
  • The RBI sees that the banks give loans not just to profit making business and traders but also to small cultivators, small scale industries to small borrowers etc
  • Periodically banks have to submit information to the RBI on how much they are lending to whom, at what interest rate etc

tarun101

Likes:
Be first to like this answer

Dislikes:
Be first to dislike this answer
Talk about this|Once you have earned teacher badge you can edit this questionDelete|Like|Dislike|
------------------------------------

Can you help us to add better answer here? Please see this



Not the answer you're looking for? Browse other questions from this Question paper or ask your own question.

Join eduladder!