GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Land Development Banks form a part of the?
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Commercial Banks
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Food Corporation of India
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Cooperative Credit Structure
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Industrial Development Bank of India
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Explanation:
Detailed explanation-1: -The Land Development Banks (LDBs) are essentially co-operative institutions. All the LDBs are registered under the Co-operative Societies Act. In a strict sense, however, they are semi co-operatives.
Detailed explanation-2: -A land development bank (Bengali: ), abbreviated LDB, is a special kind of development bank in India. It is a quasi-commercial type that provides services such as accepting deposits, making business loans, and offering basic investment products.
Detailed explanation-3: -Land Development Banks-co-operative credit institution provides long-term loans. It provide loans generally more than one year. It provides institutional credit which assist in agricultural developmental activities.
There is 1 question to complete.