Question

70% of loans advanced by cooperative societies have been dispersed in ______ states.

• A. 18
• B. 12
• C. 8
• D. 24

Answer 1

The correct option is C 8

70% of loans advanced by cooperative societies have been dispersed in 8 states.Cooperative banks as a cooperative credit institution provide both medium-term as well as short-term.loans.Cooperatives provide Institutional credit which assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.