Question

Analyse the role of credit in development​

Answer 1

Answer:

(i) It helps in increasing economic activities of the country; thus, helps in its development. (ii) If credit is made available to the poor people at reasonable rates, they can improve their economic condition. ... (iii) Credit helped in the development of secondary sector or manufacturing sector.

Explanation:

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Answer 2

Answer:

(i) It helps in increasing economic activities of the country; thus, helps in its development. (ii) If credit is made available to the poor people at reasonable rates, they can improve their economic condition. ... (iii) Credit helped in the development of secondary sector or manufacturing sector.