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Indian Rural Credit

Credit is gen...

Question

Credit is generally given at a high rate of interest by _____.

A

cooperatives

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B

self help groups

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C

money lenders

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D

banks

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Solution

The correct option is B money lenders
Money lenders are the indigenous bankers.
They usually lend money to people at higher rates of Interest.
Money lenders lending system is mostly unregulated in India.

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