A: The formal sector meets only about half of the total credit needs of the rural people in India.R: Banks are not present everywhere in rural India and even when they are present, getting a loan from a bank is much more difficult. Optionsa)Both A and R are true and R is the correct explanation for A. b)Both A and R are true and R is not the correct explanation for A. c)A is correct but R is wrong. d)A is wrong but R is correct.
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Answer:
B
Explanation:
because bank do not take loans from the informal sector
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