ECONOMICS (CBSE/UGC NET)

ECONOMICS

HUMAN CAPITAL

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which one of the following is source of non instituional creditt
A
landlords
B
village traders
C
money lenders
D
all of these
Explanation: 

Detailed explanation-1: -Landlords, village traders, and moneylenders are the three important sources of non-institutional rural credit in India. Q.

Detailed explanation-2: -Non-Institutional sources include moneylenders, traders and commission agents, relatives and landlords. Agricultural credits given by these sources are called non-institutional credit.

Detailed explanation-3: -1. Institutional sources of credit involves loans provided by commercial banks such as RBI and SBI and by co-operatives whereas Non-institutional source of credit includes those which provide loan such as traders, moneylenders, commission agents, landlords and relatives.

Detailed explanation-4: -The correct option is D. RURAL CREDIT-NON INSTITUTIONAL AND-INSTITUTIONAL SOURCES The credit requirements of Indian farmers are met by many agencies. They constitute money lenders, trades, commission agents, land lords, relatives, commercial banks, cooperatives etc. 1 Crore+ students have signed up on EduRev.

Detailed explanation-5: -Cooperative Credit Society. Commercial Bank. Regional Rural Banks.

There is 1 question to complete.