UrbanPro
Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take Class 10 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

Class 10 > Learn Class IX-X Tuition > What is the role of a credit taken by a consumer?
✕

Search in

What is the role of a credit taken by a consumer?

Asked by Last Modified  

5 Answers

Learn Class IX-X Tuition +1 Social science

Follow 0
Answer

Please enter your answer

Trainer

Economy Developement
Comments
Dislike Bookmark

Tutor

The main role of consumer credit is that consumers can purchase goods and services and pay for them later. Consumers can purchase items they need when their funds are low. Consumer credit offers a backup form of payment and one monthly payment.
Comments
Dislike Bookmark

Maths Teacher

Consumer credit is a debt that a person incurs when purchasing a good or service. Consumer credit includes purchases obtained with credit cards, lines of credit and some loans. Consumer credit is also known as consumer debt. Consumer credit is divided into two classifications: revolving credit and installment...
read more
Consumer credit is a debt that a person incurs when purchasing a good or service. Consumer credit includes purchases obtained with credit cards, lines of credit and some loans. Consumer credit is also known as consumer debt. Consumer credit is divided into two classifications: revolving credit and installment credit. The most common form of consumer credit is a credit card. Economists and other financial analysts frequently measure consumer credit, which serves as an indicator of economic growth. For example, if consumers can easily borrow money and repay those debts on time, then the economy is stimulated resulting in economic growth. read less
Comments
Dislike Bookmark

Mathematician

To develop the economy To encourage the overall growth of the "priority sector" To achieve the objective of controlling inflation as well as deflation.
Comments
Dislike Bookmark

Tutor

Consumer credit is a debt that a person incurs when purchasing a good or service. Consumer credit includes purchases obtained with credit cards, lines of credit and some loans. Consumer credit is also known as consumer debt. Consumer credit is divided into two classifications: revolving credit and installment...
read more
Consumer credit is a debt that a person incurs when purchasing a good or service. Consumer credit includes purchases obtained with credit cards, lines of credit and some loans. Consumer credit is also known as consumer debt. Consumer credit is divided into two classifications: revolving credit and installment credit. The most common form of consumer credit is a credit card read less
Comments
Dislike Bookmark

View 3 more Answers

Related Questions

What is the difference between a Demand draft and a Cheque?
DD- transfer of money, it is issued by a bank and it is only a payable method,cannot be dishonored, need signature. Cheque - issued by an individual person, not only a payable method, can be dishonoured, does not need signature
Milan
0 0
5
What is zeroth law?
The zeroth law of thermodynamics states that if two thermodynamic systems are each in thermal equilibrium with a third, then all three are in thermal equilibrium with each other.
Ravi Ranjan
0 0
8
What is the use of dry cell?
It is used to store electrical energy
Advm
0 0
7

"प्रमाणाभावात्" what is the meaning of this line ?
It means certified
Renu
Find the area of a right-angled triangle whose base is 12 cm and height is 5 cm.
Area of a triangle is 1/2 * base * altitude = 1/2 * 12 * 5 = 30 cm^2
Raje

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Education, in a chaotic world!
An opportunity to get educated, as right as possible is the most valuable gift one can have. Just take a look, how many youngsters get everything right when it comes to schooling. E.g., not all parents...

Hitendra Rathore

0 0
0
How to Make Your Kids Do Homework(Without Having a Nervous Breakdown Yourself)
Tired of arguing, nagging, and struggling with your kids to get them to do homework? Are you discovering that bribing, threatening, and punishing don't yield positive results? If so, this article is for...
A

Amrtha S.

0 0
0
Simple Understanding.
In zoology how to remember the genus family and important points. It's simple, make a list of phylum and write one point for every phylum why it was grouped different like example arthopoda all jointed...

Nagaraj Pushparaj

0 0
0
How to add 1+2+3+4+....+100
Simple trick Let X=1+2+3+...+100 Now add same series in reverse order as 100+99+98+........+1 = X Now 2X = 101+101+101+101+......100times So 2X= 101*100 2X= 10100 X=5050 This formula comes like...

Akhilesh Choudhary

1 0
0
chess board question
How many squares are there in a chess board? Simple- n (n+1)(2n+1)/6 Put n=8 as there are 8 row/column so we get 8*9*17/6= 204 squares Lik and comment to know how many rectangles are there in a chess...

Chandan V Singh

0 0
0

Recommended Articles

Quest Academy - Institute of the month

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Mumbai
Class 10 Tuition in Chennai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Jaipur
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 10 Tuition Classes?

The best tutors for Class 10 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 10 Tuition with the Best Tutors

The best Tutors for Class 10 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2024All Rights Reserved