Question

Match List I with List II

List I & List II
A. All India Rural Credit Survey Committee & I. 1904
B. Cooperative Societies Act & II. 1971
C. Land Mortgage Bank & III. 1951
D. Farmers Service Societies & IV. 1920
Choose the correct answer from the options given below:

• A. A - III, B - I, C - IV, D - II
• B. A - I, B - IV, C - II, D - III
• C. A - IV, B - I, C - III, D - II
• D. A - II, B - III, C - IV, D - I

Hint:

Exam Tip: For historical and institutional questions, use mnemonics or timelines. For example, the Cooperative Movement in India started with the 1904 Act. The All India Rural Credit Survey Committee (1951) was a key milestone in agricultural credit policy.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
This question tests historical knowledge of agricultural credit and cooperative institutions in India. We need to match the institution or legislation with the year it was established or enacted.

Step 2: Detailed Matching:
Let's match each item with its correct year:
• A. All India Rural Credit Survey Committee: This was a landmark committee established to review the rural credit situation in India. It was formed in the year 1951.
_ _ _ _ Match: A - III
• B. Cooperative Societies Act: The first Cooperative Societies Act in India was enacted in 1904. This act provided the legal framework for the formation of cooperative societies.
_ _ _ _ Match: B - I
• C. Land Mortgage Bank: The first Land Mortgage Bank (now known as Land Development Bank) was established in 1920 in Punjab to provide long-term credit to farmers against mortgage of land.
_ _ _ _ Match: C - IV
• D. Farmers Service Societies: Farmers Service Societies (FSS) were established to provide integrated agricultural services. The concept was introduced in the year 1971.
_ _ _ _ Match: D - II

Step 3: Final Answer:
The correct matching is A-III, B-I, C-IV, D-II, which corresponds to option (A).