Question

The government exclusively depended on development of _________ as an institutional source of rural credit till 1970.

• A. self-help groups
• B. cooperatives
• C. rural banks
• D. moneylenders

Answer 1

Answer: (B)

cooperatives

The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.Agricultural credit from institutional sources has increased by about 250 times between 1980-81 to 2014-15.Institutional credit assists rural households involved in agricultural activities.