Which of the following does not constitute a part of informal credit in India?
(A) Commercial Bank
(B) Moneylenders
(C) Friends and relatives
(D) Zamindars
Answer:
So, the correct answer is (A) - Commercial banks
Explanation
- Commercial banks are a part of formal credit as they accept deposits from the public and give loans to borrowers. So this is correct .
- Moneylenders are part of informal credit . So this is not correct .
- Friends and family are part of informal credit . So this is not correct .
- Zamindars are part of informal credit . So this is not correct .
