As per the recent press reports, use of credit cards in India has gone down. What is/are the main reason/s for the same?
(A) High interest rate charged by the card companies.
(B) Rise in fraudulent activities related to use of credit cards.
(C) Govt. policies which do not allow the launch of new credit cards by the banks.

A

Only (A)

B

Only (B)

C

Only (C)

D

All (A). (B) and (C)

E

None of these