Formal sources of credit does not include.

Banks

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Cooperatives

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Employers

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Non of these

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Solution

The correct option is A Employers
Formal sector credit in India includes loans from banks and cooperatives. RBI supervises their functions of giving loans. Rich urban households depend largely on formal sources of credit. Lower rate of interest on loans is charged as compared to informal sources of credit.

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The informal source of credit does not include which one of the following?

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