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UPSC Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank Industries and Infrastructure

  • question_answer
    Which of the following grants / grant direct credit assistance to rural households?
    1. Regional Rural Banks
    2. National Bank for Agriculture and Rural Development
    3. Land Development Banks
    Select the correct answer using the codes given below.

    A) 1 and 2 only 

    B) 2 only

    C) 1 and 3 only   

    D) 1, 2 and 3

    Correct Answer: C

    Solution :

    Land development bank started financing long term loan for more significant rural development activities like rural and cottage industries, rural artisans etc. The main purpose of RRB's is to mobilize financial resources from rural / semi-urban areas and grant loans and advances mostly to small and marginal farmers, agricultural laborers and rural artisans.


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