Question

Which agency is not included in informal loan sector or agency: * (a) Village money lender (b) Trader (c) Bank

Answer 1

Answer:

here ur answer

Explanation:

village

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Answer 2

Answer:

The correct option is C i.e., Bank

Explanation:

Informal sector are those which provide traditional sources of credit in India. These sources includes money lenders, relative, commission agents. landlords. friends etc.

Money lenders are those person who provide loan to the rural people with very high interest.

Traders or Commission agents provide advance credit to the farmers on the mortgage of crops.

Hence, Bank come under the category of Formal sector which provide financial assistance to the rural people with very low rate of interest.

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