wiz-icon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

Read the following passage carefully and answer the questions given below it. Certain word/phrases have been printed in bold to help you locate them while answering some of the questions.
Which of the following is/are the purpose/s of setting up banks in rural areas?
A, Replacing other credit-giving bodies.
B. Giving loans to farmers.
C. Increasing the amount of savings of villagers.

A
Only B
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
A and B
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
B and C
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Only A
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
All of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Only B
The purpose of setting up banks in rural areas is 'Giving loans to farmers'.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Rural Credit
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon