Multiple choice

___________ are an important source of rural credit and agricultural financing in India.

  1. Public sector banks

  2. Private sector banks

  3. Cooperative banks

  4. Development banks

  5. Central banks

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

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

 
 

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