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  1. Which one of the following disburses long term loans to private industry in India ?
    1. Food Corporation of India
    2. Life Insurance Corporation of India
    3. Primary Credit Society
    4. Land Development Banks
Correct Option: D

The medium and long term of loans are disbursed to the farmers through Primary Land Development Banks who draw their finances from Central Land Development Banks who in turn draw their finances from NABARD. As for the short term credit, this is disbursed to the farmers through Primary Agricultural Credit Societies who draw their finances from Central Cooperative Banks who in turn draw their finances from the State Cooperative Banks.



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