Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

Which of the following is NOT an institutional source of rural credit in India?

Options:

Commission agents

Cooperative credit societies

Land development banks

Regional rural banks

Correct Answer:

Commission agents

Explanation:

The sources of rural credit can be classified into 2 heads:

  • Institutional - Cooperative credit societies, Land development banks, Regional rural banks, Commercial bank credit, Self help groups.
  • Non-institutional - Money lenders, Traders and Commission agents, Landlords and Relatives etc.