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Factors which are working in unorganized money market. Money lenders Commercial bank Hundi Chit funds

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Question

Factors which are working in unorganized money market.

  1. Money lenders
  2. Commercial bank
  3. Hundi
  4. Chit funds

Options

  • a, b, c

  • b, c

  • b, d

  • a, c, d

MCQ
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Solution

a, c, d

Explanation:

The unorganized money market in India comprises of indigenous bankers, money lenders and unregulated non-bank financial intermediaries. While commercial banks are typically part of the organized sector.

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