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Appraising of the System

Which of the ...

Question

Which of the following is the main informal source of credit for rural households in India?

A

Friends

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B

Relatives

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C

Landlords

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D

Money lenders

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Solution

The correct option is D Money lenders
Money lenders are the main informal source of credit for rural household in India. Because in rural areas people do not have access to banks and other financial institutions.

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