CBSE 2025, Set 2

Question

State and elaborate, whether the following statements are true/false, with valid arguments :

(a) Under the Golden Revolution there was tremendous growth in horticulture, making India the world leader in this field.
(b) Small and marginal farmers are given preference in getting credit from non-institutional sources like Regional Rural Banks, Cooperative Banks, etc.

Edvaya · Accepted Answer

The correct answer is Subjective. **(a) True.** The period between 1991-2003 is called the Golden Revolution. India has emerged as a world leader in producing a variety of fruits like mangoes, bananas, coconuts, spices etc. and is currently the second-largest producer of fruits and vegetables globally. **(b) False.** Regional Rural Banks (RRBs) and Cooperative Banks are **institutional sources** of credit, not non-institutional sources. They were set up by the government specifically to adequately meet the credit needs of the rural sector at reasonable interest rates, shifting them away from exploitative non-institutional sources like moneylenders.

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Economics > Indian Economic Development > Rural Development

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