Question

Read the information given below and select the correct option-Most of the agricultural labourers like Mohan depend upon loans from informal sector. Which of

the following statements about this sector is correct –

A. There are govt. bodies to supervise informal sector

B. Money lenders ask for a reasonable rate of interest

C. Cost of informal loans to the borrower is quite high

D. Money lenders use fair means to get their money back​

Answer 1

Answer:

I think the answer is

B. and D.

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Answer 2

Hello mate...

The answer is:

C. Cost of informal loans to the borrower is quite high

Explanation:

Becoz bank has some limits to give loans any particular amount is given...

But moneylenders are quite free in that regard...the labourers can take upto any amount they need...

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