Q. 13.7( 15 Votes )

Formal sour

Answer :

Banks and cooperatives are the main formal sources of credit. The financial institutions that lend according to guidelines of RBI can be termed as formal source.


Formal source is source for raising the credit from the institutions which are guidelines under RBI or which are performed with specific format, therefore it can be more reliable than the informal sources.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Heights and Distances-IHeights and Distances-IHeights and Distances-I45 mins
Sphere and HemisphereSphere and HemisphereSphere and Hemisphere16 mins
Resources and Development RevisionResources and Development RevisionResources and Development Revision28 mins
Cube and CuboidCube and CuboidCube and Cuboid41 mins
History - Concept and QuestionsHistory - Concept and QuestionsHistory - Concept and Questions57 mins
Right Circular Cone And FrustumRight Circular Cone And FrustumRight Circular Cone And Frustum43 mins
Corrosion: Types, Pros and ConsCorrosion: Types, Pros and ConsCorrosion: Types, Pros and Cons41 mins
Right Circular CylinderRight Circular CylinderRight Circular Cylinder45 mins
Revision on Substitution and  Elimination MethodRevision on Substitution and  Elimination MethodRevision on Substitution and Elimination Method44 mins
Area Related to Circles- Important Formula and ConceptsArea Related to Circles- Important Formula and ConceptsArea Related to Circles- Important Formula and Concepts59 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses