MCQ
Which of the following statements are false?
  • A
    There is no organisation which supervises the credit activities of lenders in the informal sector.
  • B
    RBI stops the money lenders from using unfair means to get their money back.
  • C
    Compared to the formal lenders, most of the informal lenders charges much lesser interest on loans.
  • Only $(b)$ and $(c).$

Answer

Correct option: D.
Only $(b)$ and $(c).$

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