Formal sources of credit does not include

(a) Banks.

(b) Cooperatives.

(c) Employers.



So, the correct answer is (C) - Employers.


  • Formal source of credit includes banks and cooperatives
  • Employers are part of the informal sources of credit.
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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.