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Economics · 2023 · 3 marks
CBSE 2023 · Region 3 · Set 2 · Q28
“A well-structured agricultural credit system is very essential for the rural sector.” Do you agree with the given statement? Justify your answer…
“A well-structured agricultural credit system is very essential for the rural sector.”Do you agree with the given statement ? Justify your answer with a valid argument.
Marking-scheme solution
A well-structured ‘Agricultural Credit System’ is very essential for the rural development as it ensures -
Availability of adequate credit to the farmers.
Provision of loans to the rural population for productive needs at cheaper rate of interest.
Increase in the rural farm and non-farm output, income and employment.
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.