✓ Board-verified
Social Science · 2025 · 1 mark
CBSE 2025 · Region 1 · Set 1 · Q19
Which of the following groups in urban India depend on informal sources to meet their credit needs?
Which of the following groups in urban India depend on informal sources to meet their credit needs?
Official answer
(C)
Both poor households and households with few assets
More from Money and Credit
- 'Formal sector of credit better than informal sector.' Give arguments in support of your answer.2024
- Explain any three terms of Credit.2023
- Read the following source and answer the questions that follow: Megha has taken a loan of ₹ 5 lakhs from the bank to purchase a house. The annual…2022
- In one of the small villages, a farmer borrows money from the village moneylender at a high monthly interest rate but is not able to repay it back.…2024
- Explain, why the banks do not lend credit to certain borrowers? OR Explain the functions of "Self Help Group".2022
- Why is it necessary to expand formal sources of credit in rural areas? Explain.2026
- Read the given source and answer the questions that follow: Arun supervises the work of one farm labourer. Arun has seven acres of land. He is one of…2025
- Explain the difference between formal and informal sources of credit. OR Explain the role of banks in credit-related activities in India.2026
CBSE Class 10 Social Science past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.