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Question :

Which one of the following disburses long-term loans to private industry in India?

Option 1:

Food Corporation of India

Option 2:

Life Insurance Corporation of India

Option 3: Primary Credit Society

Option 4: Land Development Banks


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Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Land Development Banks


Solution : The correct answer is Land Development Banks.

The Land Development Bank is a commercial type of bank in India. The first bank was initiated in 1960 in Punjab to develop land and agriculture. It provides medium and long-term loans to small and medium-scale industries.

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