How much percentage of credit in the rural household is from the informal sector?

(A) 44%

(B) 56%

(C) 33%

(D) 25%

 

Answer:

So the correct option is (A) - 44%

Explanation

Informal sector includes Money Lenders (33%), Landlords (1%), Relatives and Friends (8%) and other non institutional agencies (2%) and they all together account for 44%.

Ask a doubt
Davneet Singh's photo - Co-founder, Teachoo

Made by

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.