Land Development Banks (LDBs) have been effectively established in India since __________.
A
1920
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B
1956
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C
1951
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D
1929
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Solution
The correct option is D 1929 Land Development Banks (LDBs) have been effectively established in India since 1929.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.