4. The following table shows source of rural households in India
in the year 2003
Source
Share
Money lender
30%
Commercial Bank
25%
Co-operative societies
27%
Other (merchant, relatives, etc)
18%
"Analysing the table given, what is the share of formal sector in
total credit?
(b) 27%
(a) 25%
(c) 52%
(d) 48%"
Answers
Answer:
27% is the right answer
Answer:
C) 52 % - Formal sector
Explanation:
Sector :
Formal sector : The formal sector uses capital, skilled labor, and unskilled labor in the production process to create a traded good that may be used for both consumption and investment. The unofficial sector creates a non-traded consumer good using capital and unskilled labor.
Examples : Cooperative societies and banks make up the formal sector of credit.
Informal sector : The portion of any economy that is neither taxed nor overseen by any kind of government is known as the informal economy (also known as the informal sector or grey economy).
Examples : The informal sector of credit is made up of landlords, moneylenders, traders, relatives, friends, and other sources of credit.
Learn more about similar questions visit :
brainly.in/question/13681898
brainly.in/question/31402830
#SPJ9