Money and Credit (Chapter-3)

What are main functions of Reserve Bank of India?

Highlight the formal and informal credit sources in India.

Discuss the historical origin of money.

What is banking? Give the main features of commercial banking.

What monetary system does India follow?

Give the meaning and functions of money.

What are the reasons why the banks might not be willing to lend to certain borrowers?

What is the basic idea behind the SHGs for the poor? Explain in your own words.

Why do we need to expand formal sources of credit in India?

Look at a 10 rupee note. What is written on top? Can you explain this statement?

How does money solve the problem of double coincidence of wants? Explain with an example of your own.

How does money solve the problem of double coincidence of wants? Explain with an example of your own.

In situations with high risks, credit might create further problems for the borrower. Explain.