Q4 of 26 Page 3

Which body supervises the functioning of formal sources of loans?[CBSE 2013]

The Reserve Bank of India supervises the functioning of formal sources of loans.

Explanation: Former sector comprises of banks and cooperative whose activities and rates are regulated by the Reserve Bank of India.

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Banks provide a higher rate of interest on which one of the following accounts? [CBSE 2012]

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What do banks do with the deposits they accept from customers?[CBSE 2012]

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What is the main informal source of credit for rural households in India?[CBSE 2013]

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