Question 1 - Questions from graph - Chapter 3 Class 10 Economics - Money and Credit - Economics

Last updated at April 16, 2024 by

How much percentage of credit in the rural household is from the informal sector?

(A) 44%

(B) 56%

(C) 33%

(D) 25%

 

Answer:

So the correct option is (A) - 44%

Explanation

Informal sector includes Money Lenders (33%), Landlords (1%), Relatives and Friends (8%) and other non institutional agencies (2%) and they all together account for 44%.

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo