Question

Credit Card System was Introduced in Kerala in

• A. 1965
• B. 1980
• C. 1970
• D. 1975

Answer 1

Answer:

C. 1970

Credit Card System:

• Introduced in Kerala 1970 - Japan Model 

• Kerala -1st state to introduce credit card in India. 

• Identity card issued to a member by service cooperative society 

• Indicates the credit limit sanctioned to him 

• To eliminate delay in giving loans & withdrawal without application.