There are 1000 households in the villages of Almora, of which the loan taken by 200 households are from the state Bank of India, another 200 household from their friends and relatives, 50 households from Indian Bank, 100 households from Regional rural Bank, 150 households from businessmen, 100 households from village headmen and 200 households from cooperative societies. Which of the following statement is / are correct? i Formal sources of credit are lower than the others ii Institutional sources of credit are higher than others iii Non-institutional sources of credit are higher than others iv Informal sources of credit are higher than others (1) Only I (2) Only II (3) Only I and II (4) III and IV

There are 1000 households in the villages of Almora, of which the loan

1.	There are 1000 households in the villages of Almora, of which the loan taken by 200 households are from the state Bank of India, another 200 household from their friends and relatives, 50 households from Indian Bank, 100 households from Regional rural Bank, 150 households from businessmen, 100 households from village headmen and 200 households from cooperative societies. Which of the following statement is / are correct? i Formal sources of credit are lower than the others ii Institutional sources of credit are higher than others iii Non-institutional sources of credit are higher than others iv Informal sources of credit are higher than others (1) Only I (2) Only II (3) Only I and II (4) III and IV
Answer» Correct option is (2) Only II

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