Question

Cooperative societies have not been facing problems with regards to recovery of loans and advances.

• A. True
• B. False

Answer 1

The correct option is B False

Cooperative societies have not been facing problems with regards to recovery of loans and advances- this is a false statement since cooperative societies have been facing problems with regards to recovery of loans and advances.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.