Question 15
MediumOriginal questionRead the two statements and choose the correct option.
I. Farmers borrow not only for seed and fertiliser but also for family needs such as weddings.
II. Regional Rural Banks were set up in 1982.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Rural households borrow for both production and consumption: I is true.
RRBs began in 1975; 1982 is NABARD. II is false.
- Concept
- Need for rural credit
- Typical timeTypical
- 70 s
- Your timeYours
- —
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