English – Understanding Economic Development - Money and Credit
Social ScienceEnglish – Understanding Economic Development - Money and CreditEnglish Medium 150 questions
Practice questions (150)
Question 1 of 150
Why are formal credit sources preferred?
They are regulated and usually have clearer terms
○ They are always interest-free
○ They never require repayment
○ They operate without rules
Show explanation
"They are regulated and usually have clearer terms" is correct because it matches the relevant NCERT concept or factual point from this chapter. — Examisthan.com
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