Question

1. Which of the following statements is not true?
(a) Providing loans for irrigation of land
(b) Providing costly credit to the farmers
(c) Identifying the problem of industries
(d) Proper planning and support is required
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Answer 1

Answer:

(c) is not true..................

Answer 2

Which of the following statements is not true?

(a) Providing loans for irrigation of land

(b) Providing costly credit to the farmers

(c) Identifying the problem of industries

(d) Proper planning and support is required

The correct answer is :

(b) Providing costly credit to the farmers

Explanation :

Providing costly credit to the farmers is not the true statement.

Providing costly loans to farmers This statement is not true, because no financial institution incorporated by the government is such that to provide loans to farmers at very expensive rates.

At the private level, moneylenders etc. have been giving expensive loans to farmers under the traditional system, but they are not controlled by the government and they do not come under the purview of government rules.

No government-incorporated financial institution can provide costly loans to farmers. Providing loan for irrigation of land This statement is true and all financial institutions do this. Identifying the problems of industries, this is a true statement. It is a process of improvement of the economy. The need for proper planning and support is also a process of economy reform.

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