. There are 1000 households in the village of Almora


There are 1000 households in the village of Almora, of which the loan taken by 200 households are from the State Bank of India, another 200 households from their friends and relatives, 50 households from Indian Bank, 100 households from Regional Rural Bank, 150 households from businessmen, 100 households from village headmen and 200 households from cooperative societies. Which of the following statements is/are correct ?

i. Formal sources of credit are lower than the others

ii. Institutional sources of credit are higher than others

iii. Non-institutional sources of credit are higher than others

iv. Informal sources of credit are higher than others

1. Only I

2. Only II

3. I and II

4. III and IV

Best Answer

Ans: 2

Sol: As per the information shared in the passage , Institutional Sources of credit are relatively higher than others.

 

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