| Cheap and affordable credit is crucial for the country's development. But rural households, particularly poor sections, mostly depend on informal sources of credit to meet their requirement, which often lead them to debt trap, sometime even to suicides. |
| Which of the following you may suggest to improve the scenario? |
| (i) Informal sectors, private money lenders in particular, must be brought under the ambit of banking regulations and law. |
| (ii) Formal sector loans need to expand. |
| (iii) It is necessary that everyone receives these loans. |
| (iv) Strict laws should be made to control the activities of the private money lenders so that they cannot oppress the poor borrowers. |
A) Only I, II and IV
B) Only III and IV
C) Only II and III
D) I, II, III and IV
E) None of these
Correct Answer: C
You need to login to perform this action.
You will be redirected in
3 sec
