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Question
Most of the credit needs of poor households in urban and rural areas of India are met by __________.
Most of the credit needs of poor households in urban and rural areas of India are met by __________.
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Solution
The correct option is C informal sources of credit
Poor households do not have assets to provide as collateral. So, they have to seek help from the informal sources of credit.
Poor households do not have assets to provide as collateral. So, they have to seek help from the informal sources of credit.
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