Banner 0
Banner 1
Banner 2
Banner 3
Banner 4
Banner 5
Banner 6
Banner 7
Banner 8
Banner 9
AI Mentor
Check Your IQ
Free Expert Demo
Try Test

Courses

Dropper NEET CourseDropper JEE CourseClass - 12 NEET CourseClass - 12 JEE CourseClass - 11 NEET CourseClass - 11 JEE CourseClass - 10 Foundation NEET CourseClass - 10 Foundation JEE CourseClass - 10 CBSE CourseClass - 9 Foundation NEET CourseClass - 9 Foundation JEE CourseClass -9 CBSE CourseClass - 8 CBSE CourseClass - 7 CBSE CourseClass - 6 CBSE Course
Offline Centres

Q.

There are two types of credit available in the market: ____ and ____ sector credit.


see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.
An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

Detailed Solution

There are two types of credit available in the market: formal and informal sector credit.
  • Formal Sector Credit: Formal sector loans are registered by the government, which follows the rules and regulations. Its primary objective is social welfare. The RBI regulates it. It usually charges low-interest rates.
  • Informal Sector Credit: Informal sector loans are not regulated by the government, it includes small scattered units. Their primary motive is profit-making. There is no organisation for controlling credit activities. They charge a much higher interest rate than the formal sector, and repeated borrowing can lead to a debt trap.

    •  
    Watch 3-min video & get full concept clarity
    score_test_img

    courses

    No courses found

    Related Blogs
    Get ₹ 1 crore* worth scholarship for JEE / NEET / Foundation
    Result Producing online coaching for JEE/NEET of south India
    Largest All India Test Series for JEE/NEET
    Best Online Course for IIT JEE
    Best Online Course for NEET
    Best Online Course for CBSE

    Ready to Test Your Skills?

    Check your Performance Today with our Free Mock Test used by Toppers!

    Take Free Test

    Get Expert Academic Guidance – Connect with a Counselor Today!

    Related Blogs
    Get ₹ 1 crore* worth scholarship for JEE / NEET / Foundation
    Result Producing online coaching for JEE/NEET of south India
    Largest All India Test Series for JEE/NEET
    Best Online Course for IIT JEE
    Best Online Course for NEET
    Best Online Course for CBSE

    best study material, now at your finger tips!

    • promsvg

      live classes

    • promsvg

      progress tracking

    • promsvg

      24x7 mentored guidance

    • promsvg

      study plan analysis

    download the app

    gplay
    mentor

    Download the App

    gplay
    whats app icon
    personalised 1:1 online tutoring