Economics • Banking & FinanceEasy
Which institutional network provides long-term investment credit for agricultural mechanization, land development, and horticulture projects in Punjab?
A. State Cooperative Agriculture Development Banks✓ Correct Answer
B. Foreign exchange bureau de change counters
C. Stockbroking firms listed on international bourses
D. Postal life insurance division counters
💡 Solution & Explanation
State Cooperative Agriculture Development Banks specialize in providing long-term agricultural credit for capital investments such as tractors, tubewells, and farm land improvements in Punjab. Foreign exchange bureaus handle currency conversion. Stockbroking firms deal in corporate equities. Postal life insurance manages contractual savings schemes rather than long-term agricultural investment credit.
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