Question

find the incorrect option:
a) the RBI supervisions formal sources of loans
b) there is no organisation to supervise informal credit
c) cost borrowing in the formal sector is much higher.
d) banks are not present everywhere in rural areas

Answer 1

Answer:

option (c) is incorrect

Answer 2

Answer:

Option (C) is incorrect...

Explanation:

Cost of borrowing loans from informal sector is very high not from the formal sector.

Thank you...