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Question

Which of the following is the reason for encouraging cheap and affordable sources of credit?

A
Profit for the banks
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B
Development of the country
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C
Development of the banks
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D
Profit for the government
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Solution

The correct option is B Development of the country
Cheap and affordable credit is crucial for a country’s development. By availing such cheap sources of credit, many people can take up production activities. Thus, the overall production of the country will increase, boosting its development.

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