Question

Cooperative credit institutions have covered only _______ of the rural population.

• A. 60%
• B. 78%
• C. 65%
• D. 70%

Answer 1

Answer: (C)

65%

Cooperative credit institutions have covered only 65% of the rural population.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.