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The State of Agriculture and Agricultural Reforms Post-Independence

Long-term agr...

Question

Long-term agricultural credit is provided by ________.

A

Land Development Bank

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B

State Cooperative Bank

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C

Central Cooperative Bank

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D

Commercial Bank

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Solution

The correct option is B Land Development Bank
Long term agricultural credits are provided for land improvement, digging of wells, buying farm animals, purchase of machinery. Most of the expenses are relating to agriculture and other allied land development activities. Such long term agricultural credit is provided by Land Development Bank.

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Q. The 3-tier structure of co-operative banks includes which of the following?
(i) NABARD
(ii) State Cooperative Banks
(iii) Central Cooperative Banks
(iv) District Central Cooperative Banks
(v) Primary Agricultural Credit Societies (PACS)

Q. NABARD has been entrusted with which of the following responsibilities?
(i) provide refinance assistance to cooperative societies and RRBs
(ii) improving agricultural credit system
(iii) financing activities of industrial development banks

Q. Name the type of cooperative society set up:
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Also, distinguish between the two on the basis of:
(i) Members (ii) Aim.
(a) Producer Cooperative (b) Credit Cooperative

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