Which of the following is an institutional source of credit in India?

Correct option is D

The correct answer is (d) Commercial banks
 Commercial banks are considered an institutional source of credit in India.
 They are regulated by the Reserve Bank of India (RBI) and offer various financial services, including providing loans to individuals and businesses.
 The functions of commercial banks are broadly classified into two categories (a) Primary functions, (b)Secondary functions.
 Primary functions include:- Accepts deposit, Provides loan and advances, Credit cash.
 Secondary functions include:- Discounting bills of exchange, Overdraft facility, Paying and gathering the credit and Purchasing and selling of securities.