{"id":1715,"date":"2024-03-28T22:57:05","date_gmt":"2024-03-28T17:27:05","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1715"},"modified":"2024-04-03T07:16:14","modified_gmt":"2024-04-03T01:46:14","slug":"q-consider-the-following-statements-65","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-consider-the-following-statements-65","title":{"rendered":"Q. Consider the following statements:"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">(1) In terms of&nbsp;<strong>short-term credit delivery to the agriculture sector<\/strong>, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(2) One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Which of the statements given above is\/are correct?<\/p>\n\n\n\n<ul class=\"mcq wp-block-list\">\n<li>1 only<\/li>\n\n\n\n<li>2 only<\/li>\n\n\n\n<li>Both 1 and 2<\/li>\n\n\n\n<li>Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (b) 2 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"notes-hd-660526c18034c\">Notes:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cooperative bank is an institution established on the cooperative basis and dealing in ordinary banking business.<\/li>\n\n\n\n<li>In rural India, there exists a\u00a0<strong>3-tier rural cooperative structure<\/strong>.\n<ul class=\"wp-block-list\">\n<li>Tier-I: It includes&nbsp;<strong>state cooperative banks (StCBs)<\/strong>&nbsp;at the state level;<\/li>\n\n\n\n<li>Tier-II: It includes&nbsp;<strong>central cooperative banks (CCBs)<\/strong>&nbsp;at the district level; and<\/li>\n\n\n\n<li>Tier-III: It includes&nbsp;<strong>primary agricultural credit societies (PACSs)<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>According to a report of the RBI, in 2016-17,&nbsp;<strong>scheduled commercial banks contributed the major share (78- 80%) in agricultural and allied credit.<\/strong>&nbsp;Cooperative institutions also play a significant role in extending agricultural credit and the share of all cooperative banks\/institutions (i.e. StCBs, DCCBs and PACSs put together)<strong>&nbsp;constituted 15-16%.<\/strong>&nbsp;The&nbsp;<strong>RRBs contributed the remaining 5%&nbsp;<\/strong>of the agricultural credit.<\/li>\n\n\n\n<li>The&nbsp;<strong>most significant function of the district central cooperative bank (DCCB<\/strong>)&nbsp;<strong>is to provide financial support to the&nbsp;Primary Agricultural Credit Societies (PACS)<\/strong>&nbsp;that are affiliated to it in the district.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lotusarise.com\/wp-content\/uploads\/2024\/03\/Primary-Agricultural-Credit-Societies.jpeg\" alt=\"Primary Agricultural Credit Societies\" class=\"wp-image-48862\" title=\"Upsc prelims research: indian economy 2020 5\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>(1) In terms of&nbsp;short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks. (2) One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies. Which of the statements given above is\/are correct?&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[53],"class_list":["post-1715","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-53"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":53,"label":"2020"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1715"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1715\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1715"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}