Arguments in favor of power sharing:
• It reduces bias by distributing authority across different segments of society.
• It accommodates diversities by ensuring representation of different groups.
• It increases people’s participation in governance, strengthening democracy.
• Statement II, ”Barricades the decision-making process,” is incorrect as power sharing facilitates better decision-making by involving more stakeholders.
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