UPSC Prelims 2020 · GS Paper 1 · Q89

Economy

Medium · District Central Cooperative Banks

Consider the following statements regarding District Central Cooperative Banks (DCCBs) in India:

1. DCCBs together deliver more short-term agricultural credit than Scheduled Commercial Banks and Regional Rural Banks combined.

2. One of the most important functions of DCCBs is channelling funds to Primary Agricultural Credit Societies.

Which of the statements given above is/are correct?