What is India's primary unregistered source of credit for rural households?

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World Bank

Reserve Bank of India

Money Lenders

None of the above

answer is C.

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Detailed Solution

Moneylenders are India's primary unregistered source of credit for rural households.
Moneylenders are the unauthorised and primary source of credit for households. A person or organisation primarily provides modest personal loans at high-interest rates is known as a moneylender. In many instances, the risk associated justifies their high-interest rates. Lenders are people, organisations, or establishments that permit you to borrow money for a predetermined time and pay interest. They can take many shapes, including editing unions, friends, and professional organisations. An investor in bonds is a lender. A bond's purchaser is a borrower. The bond purchasers, who are lenders, pay now in exchange for assurances of future repayment. The bond sellers, who are borrowers, receive money now in return for their guarantees of future payback.

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