Democracy has several positive outcomes, including:
• Accountable Government: Democracies are accountable to the people and must function transparently.
• Equality and Freedom: Ensures fundamental rights such as equality, freedom of speech, and participation in governance.
• Conflict Resolution: Provides a peaceful way to resolve conflicts through dialogue and elections.
• Improvement in Decision-Making: Public participation ensures decisions are made with wider consent.
• Economic Growth: Countries like India show gradual development while upholding democratic principles.
Read the following sources of loan carefully and choose the correct option related to formal sources of credit:
(i) Commercial Bank
(ii) Landlords
(iii) Government
(iv) Money Lende