Which of the following is an institutional source of credit in India?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Commercial banks.
Commercial banks are an institutional source of credit in India. These banks provide various types of loans and credit facilities to individuals, businesses, and organizations. They play a crucial role in the financial system by mobilizing savings and providing credit for investment and consumption. Other institutional sources of credit in India include cooperative banks, non-banking financial companies (NBFCs), and development financial institutions. These entities collectively contribute to the credit ecosystem by supporting economic activities and development.