ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -If i write here for this financial financial decisions-so if i right here for this, this is the answer available: an option number b, which, among the following options, will be cheapest: source of credit in rural areas, so co operate society. So we are going to right here, operative society, operative citas.

Detailed explanation-2: -Co-operative Credit Societies-This source of credit is the most economical and important source of rural credit.

Detailed explanation-3: -Besides banks, the other major sources of cheap credit in rural areas aThere are several types of cooperatives possible such as farmers’ cooperatives, weavers’ cooperatives and industrial workers cooperatives, etc.re the cooperative societies (or cooperatives).

Detailed explanation-4: -Answer: Moneylenders are the most dominant amongst sources of credit for rural households. They constitute an informal source of credit. They charge a very high rate of interest on loans as they do not require any collateral.

Detailed explanation-5: -Land Development Banks. These banks provide a considerable sum of money as a credit to farmers by using their land as collateral. Co-operative Credit Societies. Regional Rural Banks. Commercial Banks. Government.