Which of the following represents the highest percentage of credit sources for rural households?

Moneylenders

Commercial Banks

Cooperative Banks

Employers

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

Answer and Solution

B. Commercial Banks

Commercial banks are the highest source of credit for rural households, providing more than half of the total credit.

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

What is a disadvantage of using informal loans?

From which source do rural households receive the least amount of loans?

What is one advantage of formal sector loans compared to informal sector loans?

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