Multiplicity of interest rates at the interest rate varying with the need of the borrower, the amount of loan, the time for which it is needed, and the nature of security is the characteristics of

Related MCQs

• Multiplicity of lending activities, i.e., combining moneylending with other economic activities such as trading is the characteristics of
• Flexibility in loan transactions is the characteristics of
• Defective system of maintaining accounts at receipts are not issued for interest charged and the principal repaid is the characteristics of
• Personal touch between the moneylenders and borrowers is the characteristics of
• Utmost secrecy in maintaining accounts and lending procedures is the characteristics of
• The characteristics of Rostow’s Traditional society include
• Informality in dealing with borrowers by the moneylenders is the characteristics of
• The rate of growth of output which is required to fully employ the entire growing labour force is the
• The rate of growth of an economy mainly depends upon:
• Rate of growth of an economy is measured in terms of: