Question

Formal sources of credit do not include _____.

• A. banks
• B. cooperative societies
• C. employers
• D. none of the above

Answer 1

The correct option is C employers

1. Formal sources of credit do not include employers as there is no role of these employers all these works are related to banks and the cooperatives.
2. Employers are there merely to serve the bank staff and do the work as it is asked to do by their owner.