MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Self-Help Groups

Which of the ...

Question

Which of the following sources of credit offers loans at the lowest interest rates?

A

Loan sharks

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Traders

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Cooperatives

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Self-help groups

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Self-help groups
.

Suggest Corrections

thumbs-up

0

Similar questions

Q. The interest rate on loans is higher than the interest rate that banks offer on deposits.

Q. Banks charge a higher interest rate on loans than what they offer on __________.

Q. The formal sector meets only about half of the total credit needs of the rural people. The remaining credit needs are met through the informal sources. Most of the loans from the informal lenders have very high interest rates and do little to increase the income of the borrowers.

What do you suggest is the best way to reduce the dependence on informal credit?

Q. Rita availed a loan from the local moneylender at a high rate of interest. Which of the following is an impact of the high interest loan?

Q. Which of the following programmes provide(s) loans at subsidised interest rates?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Self-help Groups

ECONOMICS

Watch in App

explore_more_icon

Explore more

Self-Help Groups

Standard X Economics

Join BYJU'S Learning Program

CrossIcon