Which segment of the population benefits most from loans offered by formal sector banks?

Large corporations

Small cultivators

Wealthy individuals

Informal traders

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. Small cultivators

Small cultivators benefit the most as formal sector banks aim to provide credit to smaller borrowers and help foster economic development.

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 information do banks need to periodically submit to the RBI?

Which of the following is a disadvantage of borrowing from informal lenders?

What requirement do banks in India have concerning cash balances?

Which of the following informal sources contributes 23% of credit in rural India?