Which of the following is an example of a formal source of credit in India?

  1. Moneylenders

  2. Cooperatives

  3. Relatives

  4. Traders

Answer:

Answer by Student

So, the correct answer is (B): Cooperatives

Detailed Explanation by Teachoo

CREDIT SOURCES IN INDIA - Teachoo.png

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.