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12th Class Economics Poverty Question Bank Case Based MCQs - Poverty

  • question_answer
    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 government 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

    Correct Answer: C

    Solution :

    Cost of informal loans to the borrower is quite high


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