Question

15. The share of formal sector
credit is ............. for the richer
households as compared to
the poor households in India. *​

Answer 1

Answer:

• The share of formal sector credit is higher for the richer households compared to the poorer households.it is because poverty affects poor households capacity to borrow. formal sector credit requires proper documents and collateral as security against loans.

Answer 2

Answer:

the share of formal sector credit is higher for the richer households compared to the poorer households.

Hope it helps you :)

Thx for follow me