Multiple choice

Which of the following types of banks is/are an important source of rural credit and agricultural financing in India?

  1. Public sector banks

  2. Private sector banks

  3. Cooperative banks

  4. Specialised banks

  5. Central bank
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer. Cooperative banks are governed by the provisions of State Cooperative Societies Act and are meant essentially for providing cheap credit to their members. They are an important source of rural credit and agricultural financing in India.

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