A borrower has income but no collateral; which formal route most directly improves loan access through a group-based method A
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Chapter 15: Formal Sector Credit in India (Set-4)
Which condition usually shows an SHG is “mature” for bank linkage? A Irregular savings pattern B No internal lending C
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Which feature best shows a loan is from the formal sector and not informal A Oral promise only B Family
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In a formal loan, why is a written agreement important for the borrower A Hides true cost B Removes repayment
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Which lender is a formal source because it is regulated and registered under laws A Village moneylender B Pawn shop
Continue readingChapter 14: Credit Situations and Terms of Credit (Set-5)
A borrower chooses a loan with low EMI but pays much more overall because the lender added several hidden charges;
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A borrower compares two loans with same nominal rate, but one compounds monthly and the other yearly; the monthly one
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A borrower chooses a bank because interest is fixed and rules are written clearly A Informal credit B Distress credit
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A shopkeeper takes a loan to buy more stock for the festival season when sales rise A Consumption loan B
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A farmer takes a loan to buy seeds and fertilizer before the sowing season A Production loan B Consumption loan
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