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Single Answer MCQ
Q-00015893

Which type of lender operates without any organizational supervision?

1

Commercial Banks

2

Moneylenders

3

Cooperative Societies

4

Credit Unions

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Sandeep Chaturvedi

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.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Moneylenders

Solution:

Moneylenders operate without organizational supervision, allowing them to set their own interest rates and lending terms, in contrast to regulated formal lenders.

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