Fewpal
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Most of the agricultural labourers like Mohan depend upon loans from informal sector. Which of the following statements about this sector is correct – 

A. There are govt. bodies to supervise informal sector 

B. Money lenders ask for a reasonable rate of interest 

C. Cost of informal loans to the borrower is quite high

D. Money lenders use fair means to get their money back

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1 Answer

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C. Cost of informal loans to the borrower is quite high

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