Multiple choice

The formal or institutional credit delivery system in rural India comprises of which of the following? (A) Cooperative Credit Institutions (B) Commercial Ranks (C) Regional Rural Banks (D) Self Help Groups

  1. Only (A) and (B)

  2. Only (C) and (D)

  3. Only (A), (B) and (C)

  4. All (A), (B), (C) and (D)

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The formal credit delivery system in rural India comprises Cooperative Credit Institutions, Commercial Banks, and Regional Rural Banks. These are regulated financial institutions with formal banking licenses. Self Help Groups (SHGs) are informal community-based groups, though they link to formal banks for banking services. The answer is (C) - only A, B, and C are formal institutions.

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