Banking General Awareness Origin and Development of Banking in India Question Bank Previous Years Questions - Development Banks

  • question_answer
    As per the reports published in various journals and newspapers, the "small borrowers" in rural areas still prefer to take informal route for their credit needs. Which of the following is the "informal route" of credit in the financial sector?    [Punjab &Sindh 2011]

    A)  Credit cards

    B)  Loan against gold from financial institute

    C)  Debit cards

    D)  Money lender

    E)  None of these

    Correct Answer: D


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