(a) A system in which goods are directly exchanged without the use of money is called barter system. (b) Double coincidence of wants means when both the parties - seller and purchaser - ae agree to sell and buy each other's commodities. It implies that what a person desires to sell is exactly what tRead more
(a) A system in which goods are directly exchanged without the use of money is called barter system.
(b) Double coincidence of wants means when both the parties – seller and purchaser – ae agree to sell and buy each other’s commodities. It implies that what a person desires to sell is exactly what the other wishes to buy. No money is used in such an arrangement. Therefore it is an essential feature of barter system.
(i) Reserve bank of India. (ii) The RBI monitors that the banks actually maintain the cash balance. It also sees that the banks give loan too all rich as well as poor.
(i) Reserve bank of India.
(ii) The RBI monitors that the banks actually maintain the cash balance. It also sees that the banks give loan too all rich as well as poor.
When borrower particularly fails to repay the loans due to the failure of the crop, he is unable to repay the loans and is left worse off. This situation is commonly called debt-trap. Credit in this case pushes the borrower into a situation from which recovery is very painful.
When borrower particularly fails to repay the loans due to the failure of the crop, he is unable to repay the loans and is left worse off. This situation is commonly called debt-trap. Credit in this case pushes the borrower into a situation from which recovery is very painful.
What is the meaning of Barter System? Why is double coincidence of wants is an essential feature of a Barter system?
(a) A system in which goods are directly exchanged without the use of money is called barter system. (b) Double coincidence of wants means when both the parties - seller and purchaser - ae agree to sell and buy each other's commodities. It implies that what a person desires to sell is exactly what tRead more
(a) A system in which goods are directly exchanged without the use of money is called barter system.
(b) Double coincidence of wants means when both the parties – seller and purchaser – ae agree to sell and buy each other’s commodities. It implies that what a person desires to sell is exactly what the other wishes to buy. No money is used in such an arrangement. Therefore it is an essential feature of barter system.
See lessWhich bank was founded by Prof. Muhammad Yunus and Why?
Grameen Bank of Bangladesh was started by Prof. Muhammad Yunus to meet the credit needs of the poor at reasonable rates.
Grameen Bank of Bangladesh was started by Prof. Muhammad Yunus to meet the credit needs of the poor at reasonable rates.
See lessState any one advantages of Self-Help Groups.
The regular meetings of the group provide a platform to discuss and act on a variety of social issues as health, nutrition, domestic violence etc.
The regular meetings of the group provide a platform to discuss and act on a variety of social issues as health, nutrition, domestic violence etc.
See lessWhich authority does supervise the functioning of formal sources of loans and how?
(i) Reserve bank of India. (ii) The RBI monitors that the banks actually maintain the cash balance. It also sees that the banks give loan too all rich as well as poor.
(i) Reserve bank of India.
(ii) The RBI monitors that the banks actually maintain the cash balance. It also sees that the banks give loan too all rich as well as poor.
See lessWhat is debt-trap?
When borrower particularly fails to repay the loans due to the failure of the crop, he is unable to repay the loans and is left worse off. This situation is commonly called debt-trap. Credit in this case pushes the borrower into a situation from which recovery is very painful.
When borrower particularly fails to repay the loans due to the failure of the crop, he is unable to repay the loans and is left worse off. This situation is commonly called debt-trap. Credit in this case pushes the borrower into a situation from which recovery is very painful.
See less