MyQuestionIcon

6

You visited us 6 times! Enjoying our articles? Unlock Full Access!

Indian Rural Credit

banks are own...

Question

banks are owned by the customers, and borrow and lend amongst each other.

A

Rural Development

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Public Sector

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Cooperative

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Land Development

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Cooperative
Cooperative banks are a community owned model of banks- where the banks is owned and run by the customers itself.

Suggest Corrections

thumbs-up

0

Similar questions

Q. is the bank that provides and promotes rural development by offering loans.

Q. Banks and cooperatives increase their lending particularly in rural areas ____________.

Q. Banks and cooperatives need to lend more to borrowers because _______.

Q. The NABARD (National Bank of Agricultural and Rural Development) is __________.

Q. The cost of bank credit is determined in India by a system of benchmark prime lending rate which is charged by a bank to the most creditworthy customers, and all bank loans are given at a rate equal to or higher than the benchmark prime lending rate. What determines this rate of interest?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Rural Credit

ECONOMICS

Watch in App

explore_more_icon

Explore more

Indian Rural Credit

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon