As per the reports published in the newspapers the use of credit cards in India has gone down by about 8% during 2008-0 What are the main reasons for the same ? High interest rate charged by the card companies. Rise in delinquency level related to use of credit cards. Govt. policies which do not allow the launch of new credit cards by the banks.

• A. Only 1
• B. Only 2
• C. Only 3
• D. All 1, 2 and 3
• E. None of these