Question

Match the following types of banks to their functions.

• A. Long-term Loans
• B. Self-owned Banks
• C. Small/landless farmers
• D. Regulatory Body

Answer 1

1) NABARD was the regulatory body set up to supervise the banking system for rural development.
2) Cooperative banks are owned and operated by the customers themselves.
3) Land Development Banks are mainly providers of long-term credit.
4) Rural Development Banks offer loans to small and marginal farmers, landless labourers and rural poor.