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Choose the correct option Formal sources …

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Choose the correct option Formal sources of credit include - A. Banks B. Moneylenders C. Employers D. All the above

Posted by Padmanabha Juad 5 years ago

CBSE > Class 10 > Social Science

1 answers

Gaurav Seth 5 years ago

Answer: A. Banks

1. Formal sources of credit do not include employers as there is no role of these employers all these works are related to banks and the cooperatives.
2. Employers are there merely to serve the bank staff and do the work as it is asked to do by their owner.

3. Moneylenders are informal source of credit

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