Question

Rampur is an area where 80% people borrow money from the bank while 10% don't borrow and the rest

10% take it from their friends, relatives or local moneylenders. (1)

Where will Rampur be situated?

(a) In an Urban Region

(b) Semi-Urban area

(c) In a Rural region

(d) Capital of a country





not scam answer​

Answer 1

Answer:

option b

is ur answer mate

Explanation:

Answer 2

Rampur should be situated in an urban area, where 80% of people borrow money from the bank while 10% don't borrow and the rest 10% take it from their friends, relatives, or local moneylenders.

Rampur should refer to an urban area because;

• When around 80% of people borrow money from banks, then there should be many banks, which can only be in urban areas.
• When banks lend money, they demand collaterals, which is not possible for many rural people who mostly will be farmers.
• Borrowing money from banks is a formal process.
• Rural people mostly borrow money from bigger farmers, other rich people in the village, or moneylenders through informal sources.
• In the capital of a country, mostly well affluent administrative legislators and bureaucrats stay and they may not require many loans.