Which of the following is a major source of agricultural credit in India?
A. Foreign institutional investors only
B. Commercial banks, cooperative banks and Regional Rural Banks
C. Stock exchanges
D. Mutual funds
Answer: Option B
Solution (By JKSSB Mock Tests)
Institutional agricultural credit in India is primarily provided by commercial banks, cooperative banks and Regional Rural Banks, with refinancing support from NABARD.
Explanation:
Average inflation targeting commits the central bank to achieve an average inflation rate over a longer period, so that periods of below-target inflation are followed by periods of above-target inflation (and vice versa).
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