Question

The 1st state to introduce credit card in India

• A. Maharashtra
• B. Tamil Nadu
• C. Gujarat
• D. Kerala

Answer 1

Answer:

D. Kerala

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.