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: Jan 13, 2026
Show 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: Jan 13, 2026
Show 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: Jan 13, 2026
Show 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 CBSE X Questions
- Read the following source carefully and answer the questions that follow:
Print Comes to India
From 1780, James Augustus Hickey began to edit the Bengal Gazette, a weekly maga zine that described itself as ‘a commercial paper open to all, but influenced by none’. So it was private English enterprise, proud of its independence from colonial influence, that began English printing in India. Hickey published a lot of advertisements, including those that related to the import and sale of slaves. But he also published a lot of gossip about the Company’s senior officials in India. Enraged by this, Governor-General War ren Hastings persecuted Hickey, and encouraged the publication of officially sanctioned newspapers that could counter the flow of information that damaged the image of the colonial government. By the close of the eighteenth century, a number of newspapers and journals appeared in print. There were Indians, too, who began to publish Indian news papers. The first to appear was the weekly Bengal Gazette, brought out by Gangadhar Bhattacharya, who was close to Raja Rammohan Roy. - Read the following source carefully and answer the questions that follow:
Loans from Cooperatives
Besides banks, the other major source of cheap credit in rural areas are the cooperative societies (or cooperatives). Members of a cooperative pool their resources for coopera tion in certain areas. There are several types of cooperatives possible such as farmers cooperatives, weavers cooperatives, industrial workers cooperatives, etc. Krishak Coop erative 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 Cooperative 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 Cooperative provides loans for the purchase of agricultural implements, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses. - More than three million carbon compounds have been discovered in the field of chemistry. The diversity of these compounds is due to the capacity of carbon atoms for bonding with one another as well as with other atoms. Most of the carbon compounds are poor conductors of electricity and have low melting and boiling points.
- Human digestive system is a tube running from mouth to anus. Its main function is to breakdown complex molecules present in the food which cannot be absorbed as such into smaller molecules. These molecules are absorbed across the walls of the tube and the absorbed food reaches each and every cell of the body where it is utilised for obtaining energy.
- A student has three convex lenses A, B, and C of different focal lengths. He wants to observe the images formed by these lenses on a screen by placing a candle flame at different distances as given in the following table:
Case No. Lens Focal Length Object Distance 1 \(A\) 50 cm 25 cm 2 B 20 cm 60 cm 3 C 15 cm 30 cm
View More Questions