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Standard IX
Economics
Formal and Informal Credit
Formal credit...
Question
Formal credit is mostly availed by the poor people in the rural areas.
A
True
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B
False
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Solution
The correct option is
B
False
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Q.
Credit facilities available in rural areas that are provided to groups of people (called SHGs) are called:
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A majority section of urban and rural poor avails credit from the _____ sector.
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Most of the credit needs of poor households in urban and rural areas of India are met by __________.
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The system launched by Government of India to ensure distribution of subsidised food grains to poor people in rural areas is ____.
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How the credit needs of poor households are mostly met
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