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Question

What are the traditional sources of agricultural credit termed as?

A
Institutional sources
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B
Non-institutional sources
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C
Formal sources
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D
None of the above
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Solution

The correct option is A Non-institutional sources
The traditional sources of agricultural credit termed as non-institutional sources.In order to fulfill the financial requirements of the agricultural sector in rural India, appropriate and specialized credit agencies are needed. Credit helped to increase the productive capacity.Agricultural credit can be categorized on the basis of both purpose of credit and objective of credit provider.

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