Question

Land Development Banks (LDBs) are also called as ____________ in some states.

• A. Land Mortgage Banks
• B. Agricultural and Rural Development Banks
• C. both 'a and b'
• D. neither a nor b

Answer 1

Answer: (C)

both 'a and b'

Land Development Banks (LDBs) are also called as Land Mortgage Banks and Agricultural and Rural Development Banks in some states.Land Development Banks- co-operative credit institution provides long-term loans. It provide loans generally more than one year. It provides institutional credit which assist in agricultural developmental activities. Land Development Banks (LDBs) have a 2-tier structure.Land Development Banks (LDBs) have been effectively established in India since 1929.