Question

Which among the following is not a feature of informal source of credit ?

A. It is supervised by the Reserve
Bank of India.

B. Rate of interest is not fixed.

C. Terms of credit are very
flexible.

D. Traders, employers, friends, relatives etc provide informal credit sources.​

Answer 1

Explanation:

B is right i think it helps you so please mark as brainliest

Answer 2

It is supervised by the Reserve  Bank of India. Option (A) is correct.

Explanation:

• Banks and Co-operative societies are provide the formal sources of credit.
• Formal sources of credit activities are supervised by Reserve Bank of India.
• In banks and co-operatives interest rate are fixed.
• Employers, friends, relatives, traders, etc. are provide a informal sources of credit.
• Reserve Bank of India does not supervised the activities of informal credit.
• Rate of interest is not fixed in informal sources of credit.

To Learn More...

1.Which of the following is not an informal source of credit?

(a) Money-lender

(b) Relatives and Friends

(c) Commercial Banks

(d) Traders

https://brainly.in/question/17035484

2.Which among the following is not a feature of informal source of credit ?

https://brainly.in/question/30407084