Multiple choice

The target for agriculture lending by the banks for the year 2007-08 is

  1. 2.25 lakh crore

  2. 2 lakh crore

  3. 2.50 lakh crore

  4. 3 lakh crore

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Rs. 2.25 lakh crore was the correct target for agriculture lending by banks in 2007-08. This target was set by the Reserve Bank of India to ensure adequate credit flow to farmers. The other options are close but incorrect - 2 lakh crore was too low and 2.5 or 3 lakh crore were too high.