Question 13
MediumOriginal questionAssertion (A): The government pushed banks to open branches in rural areas after 1969.
Reason (R): The aim was to free farmers from dependence on moneylenders.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Social banking after nationalisation took formal credit to villages to replace exploitative lenders.
R explains A.
- Concept
- Social banking
- Typical timeTypical
- 70 s
- Your timeYours
- —
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