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Question

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.

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