Comprehension
Read the following source and answer the questions that follow:
Loans from Co-operatives
Besides banks, the other major source of cheap credit in rural areas are the co-operative societies. Members of a co-operative pool their resources for co-operation in certain areas. There are several types of co-operatives possible such as farmers co-operatives, weavers co-operatives, industrial workers co-operatives etc. Krishak Co-operative functions in a village not very far away from Sonpur. It has 2300 farmers as members. It accepts deposits from its members. With these deposits as collateral, the co-operative has obtained a large loan from the bank. These funds are used to provide loans to members. Once these loans are repaid, another round of lending can take place. Krishak Co-operative provides loans for the purchase of agricultural equipment, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for variety of other expenses.
Question: 1
Which sector includes credit facilities offered by Cooperative Societies?
Which sector includes credit facilities offered by Cooperative Societies?
Show Hint
Co-operatives primarily function in the primary sector by offering credit to help members involved in agriculture, farming, and rural development activities.
Updated On: May 19, 2025
Hide Solution
Verified By Collegedunia
Solution and Explanation
The credit facilities offered by Co-operative Societies are mainly in the primary sector. This sector includes agriculture, fishery, and other rural activities that are the focus of most co-operatives. In the case of Krishak Co-operative, the loans are provided for agriculture-related activities such as purchasing agricultural equipment and funding cultivation.
Was this answer helpful?
0
0
Question: 2
How do Self-Help Groups access external funding?
How do Self-Help Groups access external funding?
Show Hint
N/A
Updated On: May 19, 2025
Hide Solution
Verified By Collegedunia
Solution and Explanation
N/A
Was this answer helpful?
0
0
Question: 3
Explain the functioning of Co-operative Societies.
Explain the functioning of Co-operative Societies.
Show Hint
Co-operative societies play a vital role in providing financial support to rural communities by pooling resources and facilitating lending within the community.
Updated On: May 19, 2025
Hide Solution
Verified By Collegedunia
Solution and Explanation
Co-operative societies function as organizations where individuals pool their resources for mutual benefit. The basic functioning includes:
- Member Contribution: Members of a co-operative society contribute savings which act as deposits. These deposits serve as collateral to secure loans from banks.
- Loan Distribution: The funds obtained from banks are used to provide loans to members. These loans can be for various purposes, such as agricultural activities, purchasing equipment, or constructing houses.
- Repayment and Re-lending: Once the loans are repaid, the funds are recycled and used for further lending. This cycle of deposit, lending, and repayment allows for continuous financial support for members.
- Co-operative Governance: These societies are governed by elected representatives of their members, and profits are shared among the members.
- Member Contribution: Members of a co-operative society contribute savings which act as deposits. These deposits serve as collateral to secure loans from banks.
- Loan Distribution: The funds obtained from banks are used to provide loans to members. These loans can be for various purposes, such as agricultural activities, purchasing equipment, or constructing houses.
- Repayment and Re-lending: Once the loans are repaid, the funds are recycled and used for further lending. This cycle of deposit, lending, and repayment allows for continuous financial support for members.
- Co-operative Governance: These societies are governed by elected representatives of their members, and profits are shared among the members.
Was this answer helpful?
0
0
Top Questions on Reading Comprehension
- My Last French Lesson! Why, I hardly knew how to write! I should never learn any more! I must stop there, then! Oh, how sorry I was for not learning my lessons, for seeking birds' eggs or going sliding on the Saar! My books, that had seemed such a nuisance a while ago, so heavy to carry, my grammar, and my history of the saints, were old friends now that I couldn't give up and M. Hamel, too; the idea that he was going away, that I should never see him again, made me forget all about his ruler and how cranky he was.
Poor man! It was in honour of this last lesson that he had put on his fine Sunday clothes, and now I understood why the old men of the village were sitting there in the back of the room. It was because they were sorry, too, that they had not gone to school more. It was their way of thanking our master for his forty years of faithful service and of showing their respect for the country that was theirs no more.
(The Last Lesson)- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
- Read the following extracts and answer the questions
Those were the days of mainly indoor shooting, and only five percent of the film was shot outdoors. I suppose the sets and studio lights needed the girls and boys to be made to look ugly in order to look presentable in the movie. A strict hierarchy was maintained in the make-up department. The chief make-up man made the chief actors and actresses ugly, his senior assistant the 'second' hero and heroine, the junior assistant the main comedian and so forth. The players who played the crowd were the responsibility of the office boy. (Even the make-up department of the Gemini Studio had an 'office boy')
On the days when there was crowd-shooting, you could see him mixing his paint in a giant vessel and slapping it on the crowd players. The idea was to close every pore on the surface of the face in the process of applying make-up.- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
- Mr. Lamb:
When I go down the streets, the kids shout 'Lamey Lamb'. But they will come into the garden, into my... they be? Because I'm not afraid of them, that's why not.
Derry:
Did you get your leg blown off in the war?
Mr. Lamb:
Certainly.
Derry:
How will you climb on a ladder and get the crab apples down, then?
Mr. Lamb:
Oh, there's a lot of things I've learned to do and plenty of time for it. Yours. I take it steady. (On the Face of It)- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
- When I heard this, I didn't want to laugh any more, and I felt terribly sad. How could they believe that it was disgusting if one of us held that package in his hands, even though the Vadai had been wrapped first in a banana leaf, and then parcelled in paper? I felt so provoked and angry that I wanted to touch those wretched Vadais myself straight away. Why should we have to fetch and carry for these people, I wondered. Such an important elder of ours goes meekly to the shops to fetch snacks and hands over reverently, bowing and shrinking, to this fellow who just sits there and stuffs them into his mouth. The thought of it infuriated me. (Memories of Childhood)
- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
- If we were not so single-minded
about keeping our lives moving,
and for once could do nothing,
perhaps a huge silence
might interrupt this sadness
of never understanding ourselves with death.
Perhaps the Earth can teach us
as when everything seems dead
and later proves to be alive.
Now I'll count up to twelve
And you keep quiet and I will go.
(Keeping Quiet)- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
View More Questions
Questions Asked in CBSE X exam
Name the part performing the following functions in the human female reproductive system:
(i) Production of eggs
(ii) Site of fertilization
(iii) Site of implantation
(iv) Entry of the sperms- CBSE Class X - 2025
- Reproduction
- Describe the steps taken by French revolutionaries to create a sense of national unity and belonging.
- CBSE Class X - 2025
- The Rise of Nationalism in Europe
- What is a rainbow? 'We see a rainbow in the sky only after the rainfall.' Why?
- CBSE Class X - 2025
- The Human Eye
- Out of the two media - Medium 1 and Medium 2, in which is the speed of light more?
- CBSE Class X - 2025
- Light - Reflection and Refraction
- Identify from the following the ray diagram which shows the correct path of the reflected ray for the ray incident on a concave mirror as shown:
- CBSE Class X - 2025
- Light - Reflection and Refraction
View More Questions