Question

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

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

Answer 1

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.