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What share of loans to poor urban households comes from informal sources?

A45 per cent
B25 per cent
C85 per cent
D55 per cent
Answer & Solution
Correct answer: C. 85 per cent
1. The graph divides urban people from poor to rich. 2. The poor depend most on informal credit. 3. The share is 85 per cent. _Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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