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  • Assertion (A) : The Lead Bank Scheme was introduced to improve rural banking services.

  • Reason (R): The Gadgil Study group found that rural areas had an adequate number of Commercial banks.

ABoth A and R are true, and R is the correct explanation of A.

BBoth A and R are true, but R is not the correct explanation of A.

CA is true, but R is false.

DA is false, but R is true.

Answer:

C. A is true, but R is false.

Read Explanation:

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What additional objectives does a Farmers Service Society pursue.

  1. To arrange for the distribution of essential consumer goods.
  2. To encourage Subsidiary occupations like diary and poultry.
  3. To cultivate banking habits among members.
  4. To provide loans for international agricultural trade.