Question:
Select the formal sources of credit from the given sources and choose the correct option.
Sources:
1. Bank,
2. Moneylender,
3. Cooperatives,
4. Businessman
Select the formal sources of credit from the given sources and choose the correct option.
Sources:
1. Bank,
2. Moneylender,
3. Cooperatives,
4. Businessman
Sources:
1. Bank,
2. Moneylender,
3. Cooperatives,
4. Businessman
Updated On: Dec 14, 2024
- Only I and II
- Only II and III
- Only I and III
- Only I and IV
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The Correct Option is C
Solution and Explanation
Formal sources of credit include institutions like banks and cooperatives, which operate under government regulations and provide loans at reasonable interest rates.
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