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Question

Credit given by _________ in rural areas saw a massive increase since 1969.

A
NABARD
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B
commercial banks
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C
cooperative societies
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D
RBI
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Solution

The correct option is B commercial banks
Credit given by commercial banks in rural areas saw a massive increase since 1969. Credit is essential to increase the productive capacity of the economy. In rural areas, credit is required for various activities, like buying fertilizers and pesticides, etc. Credit helps to sustain a good living for the people living in rural area.

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