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Which organisations is/are not a part of formal sources of credit?
5. Which organisations is/are not a part of formal sources of credit?
- Banks
- Moneylenders
- Cooperative Banks
- Employers
Answer: D) Employers
Explanation:
Formal sources of credit do exclude managers as there is no job of these businesses in the business related to banks and cooperatives. The occupation of businesses is the finished errand relegated by the proprietors and to serve the bank staff.