Formal Credit Explained | Class 10 Economics | RBI, Banks & Cooperative Credit | Easy Explanation
Автор: Study Aspire
Загружено: 2026-01-15
Просмотров: 137
Formal Credit Explained | Class 10 Economics | RBI, Banks & Cooperative Credit | Easy Explanation
In this video, we explain Formal Credit in a simple and easy way for Class 10 Economics students.
Formal credit is provided by banks, cooperative societies, and financial institutions and is regulated by the Reserve Bank of India (RBI).
📚 Topics Covered in This Video:
✔ Meaning of Formal Credit
✔ Sources of Formal Credit
✔ Role of RBI
✔ Interest rate and documentation
✔ Advantages of Formal Credit
✔ Difference between Formal and Informal Credit
✔ Board exam–oriented explanation
This video is very helpful for CBSE, ICSE, and State Board students preparing for board exams.
👉 Watch till the end for easy examples and exam tips.
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