14. If sec0 = 5/4 then tano/2=
hi
O 1/3
o 1/4
5/4
Answers
Step-by-step explanation:
16. Read the source given below and answer the following questions: (1X4= 4 marks)
Loans from Cooperatives Besides banks, the other major source of cheap credit in rural areas are the
cooperative societies (or cooperatives). Members of a cooperative pool their resources for cooperation in
certain areas. There are several types of cooperatives possible such as farmers cooperatives, weavers
cooperatives, industrial workers cooperatives, etc. Krishak Cooperative functions in a village not very far
away from Sonpur. It has 2300 farmers as members. It accepts deposits from its members. With these
deposits as collateral, the Cooperative has obtained a large loan from the bank. These funds are used to
provide loans to members. Once these loans are repaid, another round of lending can take place. Krishak
Cooperative provides loans for the purchase of agricultural implements, loans for cultivation and
agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses.
Answer the following questions-
a. Name the two sources of formal source of credit in Sonpur?
b. What do you understand by term Credit Cooperative society?
c. Enumerate the functions of Krishak Cooperative society.
d. How cooperative societies are better than informal sources of credit?
- Answer:
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