Question

Agricultural credit can be categorised on the basis of __________.

• A. purpose of credit
• B. objective of credit provider
• C. time period of credit
• D. both 'a and c'

Answer 1

The correct option is D both 'a and c'

Agricultural credit can be categorized on the basis of both purpose of credit and objective of credit provider.

In order to fulfill the financial requirements of the agricultural sector in rural India, appropriate and specialized credit agencies are needed. Credit helped to increase the productive capacity.