12th Class Economics Rural Development Question Bank MCQs - Rural Development in India

  • question_answer
    Which of the following is not a characteristic of an institutional source of credit?

    A) It is provided by banks, cooperatives and RRBs

    B) Given for both productive and non-productive purposes

    C) The rate of interest generally remains low

    D) Highly organised and requires collateral

    Correct Answer: B

    Solution :

    Given for both productive and non-productive purposes


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