alleryWho supervises the credit activities of informal lenders?
ANo branch
BNo one
CNo bank
DNo board
Answer & Solution
Correct answer: B. No one
1. The RBI oversees only the formal sector.
2. Informal lenders set their own rates.
3. No organisation supervises them.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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