Tag: loans from banks and financial institutions
Questions Related to loans from banks and financial institutions
Which of the following is not a problem of barter system of exchange?
Lack of double coincidence of wants exists under barter system because of difficulty in simultaneous fulfillment of mutual wants of buyers and sellers.
Which of the following is not a formal source of credit?
Banks charge a higher interest rate on loans than what they offer on __________.
In an SHG, most of the decisions regarding savings and loan activities are taken by ___________.
Find the rate of interest if the amount owed after $6$ months is $Rs. 1,050$. The borrowed amount is $Rs. 1,000$.
Informal sector loans include _________.
In India, the Chit funds are governed / regulated by ___________.
Select the correct statement/statements regarding 'numeraire' from the given list using the code given below:
1. It is a monetary unit for denominating international exchanges on a common basis.
2. Today the Special Drawing Rights (SDRs) of the IMF is accepted as the standard numeraire in the world.
Which one of the following statement is incorrect about Reverse Mortgage?