Credit in the Financial System Quiz 1

One can withdraw money in cash or make payments by

…………… acts as supervisory Bank.

Banks in India hold about ………….. % of their deposits as cash.

Banks make use of the deposits to meet the requirements of the people

One of the major reasons for indebtedness is the need to borrow for ………… requirements.

In the areas, the demand for credit is for crop production.

Lenders may demand

Depending on the nature of the lender and the borrower, the ……………. of credit vary.

Formal credit organisations in rural India

The ideal number of members in a SHG is