Assertion (A): Non-institutional finance forms an important part of rural credit.Reasoning (R): Small farmers are unable to access bank credit because of borrowers’ unfriendly products. Options:(i) (A) is true, but (R) is False(ii) (A) is false, but (R) is True(iii) Both (A) and (R) are true and (R) is the correct explanation of A(iv) Both (A) and (R) are true, but (R) is not the correct explanation of A
Question
Assertion (A): Non-institutional finance forms an important part of rural credit.Reasoning (R): Small farmers are unable to access bank credit because of borrowers’ unfriendly products. Options:(i) (A) is true, but (R) is False(ii) (A) is false, but (R) is True(iii) Both (A) and (R) are true and (R) is the correct explanation of A(iv) Both (A) and (R) are true, but (R) is not the correct explanation of A
Solution
(iv) Both (A) and (R) are true, but (R) is not the correct explanation of A
Explanation: Assertion (A) is true because non-institutional finance, which includes moneylenders, friends, and relatives, indeed forms a significant part of rural credit in many regions. This is due to the lack of accessibility and availability of formal banking services in these areas.
Reasoning (R) is also true. Small farmers often face difficulties in accessing bank credit due to various reasons such as
Similar Questions
Q5. In the questions given below, there are two statements marked as Assertion (A Read the statementsand choose the correct option.Assertion (A): Poor people suffer from chronic hunger.Reason (R): Poor people are not able to afford to buy food.(a) Both (A) and (R) are true and (R) is the correct explanation of (A).(b) Both (A) and (R) are true but (R) is not the correct explanation of (A).(c) (A) is true but (R) is false.(d) (A) is false but (R) is true
Which of the following is not an informal source of credit?*1 point(a) Money-lender(b) Relatives and Friends(c) Commercial Banks(d) Traders
Assertion (A) - Continuous cultivation of crops makes the soil poor in nutrientsReason (R) - Farmers have to add manure to the fields to replenish the soil with nutrients.(a) Both A and R are true and R is the correct explanation of A.(b) Both A and R are true but R is not the correct explanation of A.(c) A is true but R is false.(d) A is false but R is true.
Assertion (A) - Birds are oviparous animals.Reason (R) - Birds show external fertilization.(a) Both A and R are true and R is the correct explanation of A.(b) Both A and R are true but R is not the correct explanation of A.(c) A is true but R is false.(d) A is false but R is true
n the questions given below, there are two Statements marked as Assertion (A) and Reason (R).Read the Statements and Choose the correct option:Assertion: The aim of production is to produce the goods and servicesReason: Every production is organized by combining land, labour, physical capital and humancapitalOptions:A. Both (A) and (R) are true and (R) is the correct explanation of (A).B. Both (A) and (R) are true but (R) is not the correct explanation of (A).C. (A) is correct but (R) is wrong.D. (A) is wrong but (R) is correct.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.