Rural Banking After Reforms
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Question (English)
After economic reforms, the expansion and promotion of rural banking sector has:
- Accelerated significantly
- Taken a backseat ✓ Correct
- Remained unchanged
- Been completely stopped
Explanation:
Correct Answer Explanation
The expansion and promotion of the rural banking sector has taken a backseat after reforms.
Key Points:
- To improve the situation, Jan Dhan Yojana was introduced.
- Agriculture loan default rates have been chronically high.
- Most formal institutions (except commercial banks) failed to develop deposit mobilisation culture.
- Effective loan recovery remains a challenge.
Why Other Options Are Wrong
- A: Rural banking expansion slowed, not accelerated.
- C: There was a definite change — it slowed down.
- D: It was not completely stopped, just received less priority.
📚 About this Topic — CH-5: RURAL DEVELOPMENT
This multiple choice question is from CH-5: RURAL DEVELOPMENT, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-5: RURAL DEVELOPMENT to strengthen your preparation.
