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Which one of the following is NOT aninformal sector loans for poor ruralhousehold in India ?
[2011 (T-2)]
  • a)
    Commercial Banks
  • b)
    Moneylenders
  • c)
    Traders
  • d)
    Landlords
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which one of the following is NOT aninformal sector loans for poor rur...
Explanation:
The answer is A: Commercial Banks. Commercial banks are formal financial institutions that provide loans and other financial services to individuals and businesses. They are not considered part of the informal sector, which refers to economic activities that are not regulated or monitored by the government.
The other options, B: Moneylenders, C: Traders, and D: Landlords, are all examples of informal sector loans for poor rural households in India. These individuals or entities often provide loans to the poor and marginalized populations who do not have access to formal banking services. They may charge higher interest rates and operate outside of the legal framework.
To summarize:
- Commercial banks are not part of the informal sector and provide formal financial services.
- Moneylenders, traders, and landlords are examples of informal sector loans for poor rural households in India.
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Which one of the following is NOT aninformal sector loans for poor ruralhousehold in India ?[2011 (T-2)]a)Commercial Banksb)Moneylendersc)Tradersd)LandlordsCorrect answer is option 'A'. Can you explain this answer?
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