Question : Which of the following sources of rural loans is an institutional source?
Option 1: Moneylenders
Option 2: Regional Rural Banks
Option 3: Traders
Option 4: Landlords
Answer (1)
20th Jan, 2024
Correct Answer: Moneylenders
Solution :
Moneylenders are unofficial, unregistered financial service providers; as a result, they fall under the category of non-institutional credit agencies.
They could be wealthy farmers, close friends, or family members that one obtains an oral loan.
Hence option a is the correct answer.
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