Social Sciences, asked by priyanka283657, 1 month ago

9. Which is the main source of credit for rich urban households in India?​

Answers

Answered by ItzTeriRani
2

Answer:

Formal sector

Formal sector is the main source of credit for rich urban households in India. The Reserve Bank of India supervises the functioning of formal sources of loans. The banks maintain a minimum cash balance out of the deposits they receive.

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