Which of the following is a source of cheap credit?
(a)Money lenders
(b) Banks
(c) Cooperatives
(d) Both (B) and(c)
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Answer: I think the answer is
(d) Both (b) and (c)
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The cooperatives are a source of cheap credit.
Explanation:
- The sources of credit are banks, money lenders, and cooperatives. Cooperative is credit societies that are the cheapest and most valuable sources of rural credit. They are able to meet the demands of small and medium-size farmers.
- They play a crucial role in the development of the country. They provide more money to the borrowers rather than as a return with interest.
- They lead to the acceleration of economic activity. Improve the economic conditions of the poor and landless.
Learn more about the Which of the following is a source of cheap credit?.
- brainly.in/question/18383150 answered by frenchyard.
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