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Question Practice

Which of the following is considered a formal source of credit in India?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

Which of the following is cons...

Single Answer MCQ
Q-00015891

Which of the following is considered a formal source of credit in India?

1

Moneylenders

2

Cooperative Banks

3

Relatives and Friends

4

Traders

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Q1.

What is the role of credit in economic development?

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Q2.

Explain the concept of formal and informal sources of credit.

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Q3.

What is the primary function of modern money?

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Q4.

Which of the following is NOT considered modern money?

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