| The rural cooperative banking system has become defunct and not working at appreciable level. The causes include: |
| 1. Lack of professional management. |
| 2. Excessive political and bureaucratic interference. |
| 3. Absence of appropriate regulatory framework. |
| Which of these statements is/are correct? |
A) Only 1 and 2
B) Only 2 and 3
C) Only 1 and 3
D) All 1, 2 and 3
Correct Answer: D
Solution :
[d] Rural Cooperative Banking and Credit Institutions play an important role in meeting the growing credit needs of rural India. The volume of credit flowing through these institutions has increased. The performance of these institutions, however (apparent in the share of total institutional credit and the indicators of their financial health), has been less than satisfactory and is deteriorating rapidly,
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