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Which of the following are the informal sources of loans in India?

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Moneylenders

Employers

Big landlords

All of the above

answer is D.

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Detailed Solution

Moneylenders, employers, and big landlords are the informal sources of loans in India. In India, these are the unofficial lending sources:

Money lenders have a high interest rate, which causes many borrowers to get caught in a debt cycle.

Employers: Many people choose to borrow money from their boss or employer, who deducts a set sum from their paycheck each month in repayment.

Family and friends: They readily lend money, but if a borrower cannot repay, the relationship suffers.

Large landlords: They push small farmers to pay a high interest rate and provide loans.

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