Economics · Indian Economic Development
Read the following statements: Assertion (A) and Reason (R). Choose the correct option: Assertion (A): The Indian rural credit system was significantly transformed with the implementation of technological reforms in the agriculture sector. Reason (R): The Green Revolution led to the diversification of the portfolio of rural credit towards production-oriented lending.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Assertion (A) is false, but Reason (R) is true.
- 2Assertion (A) is true, but Reason (R) is false.
- 3Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
- 4Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).✓
Correct answer
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
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