Assertion (A): Banks and cooperative societies need to lend more.
Reason (R): Most of the informal lenders charge a nominal interest on loans.Immersive Reader
(1 Point)
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not the correct explanation of A.
A is correct but R is wrong.
A is wrong but R is correct.
Answers
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Answer:
A is correct but R is wrong
Explanation:
Informal lenders charge higher interest
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