State and elaborate, whether the following statements are true/false, with valid arguments
Small and marginal farmers are given preference in getting credit from non-institutional sources like Regional Rural Banks, Cooperative Banks, etc.
Statement
Small and marginal farmers are given preference in getting credit from non-institutional sources like Regional Rural Banks, Cooperative Banks, etc.
Evaluation: False
The statement is false because Regional Rural Banks (RRBs) and Cooperative Banks are institutional sources of credit, not non-institutional sources. Non-institutional sources include moneylenders, traders, landlords, relatives, and friends. While small and marginal farmers may rely on non-institutional sources due to accessibility, these sources do not prioritize or give preference to them in a structured or policy-driven manner, unlike institutional sources such as RRBs and Cooperative Banks, which are mandated to prioritize small and marginal farmers under specific guidelines.
1. Definition of Non-Institutional vs. Institutional Sources
2. Misclassification in the Statement
The statement incorrectly categorizes RRBs and Cooperative Banks as non-institutional sources. Both are institutional sources established to address the credit needs of rural areas, particularly for small and marginal farmers. For example:
3. Preference in Non-Institutional Sources
Non-institutional sources do not have a formal policy or mandate to prioritize small and marginal farmers. Instead, these farmers often turn to such sources due to:
Thus, while small and marginal farmers may frequently borrow from non-institutional sources, this is driven by necessity, not preference or priority from the lenders.
4. Preference in Institutional Sources
In contrast, institutional sources like RRBs and Cooperative Banks are explicitly designed to prioritize small and marginal farmers:
5. Conclusion
The statement is false because:
The statement is false. Small and marginal farmers are not given preference in getting credit from non-institutional sources like moneylenders or traders, which often exploit them. Instead, institutional sources like Regional Rural Banks and Cooperative Banks are designed to prioritize these farmers, though accessibility challenges remain.
State and elaborate, whether the following statements are true/false, with valid arguments
Under the Golden Revolution there was tremendous growth in horticulture, making India the world leader in this field.
Two batteries of emf's \(3V \& 6V\) and internal resistances 0.2 Ω \(\&\) 0.4 Ω are connected in parallel. This combination is connected to a 4 Ω resistor. Find:
(i) the equivalent emf of the combination
(ii) the equivalent internal resistance of the combination
(iii) the current drawn from the combination
Four students of class XII are given a problem to solve independently. Their respective chances of solving the problem are: \[ \frac{1}{2},\quad \frac{1}{3},\quad \frac{2}{3},\quad \frac{1}{5} \] Find the probability that at most one of them will solve the problem.