Question

Which of the following is not a basis of credit?

Answer 1

Answer:

which of the following is not a besis of credit

Answer 2

Employers are not the formal source of credit

• The question is which of the following is not a formal source of credit.
• Employers are not a formal source of credit.
• The formal sources of credit in our country are Rural banks, cooperative societies, and commercial banks.
• They are government-registered and work with a motive of social welfare.
• Interest rates are the lowest in such banks.
• The most important basis of credit is your potential to repay the loan.
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