CBSE 2021 Class 12 Economics Term 1 Paper

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Question : 28
Total: 60
Read the following statements-Assertion (A) and Reason (R) and choose the correct alternative:
Assertion (A): After Independence there was an expansion, in farm and non-farm output, income and employment.
Reason (R) : Rural banking has helped farmers to avail benefits of credit facilities for meeting their needs.
Solution:  
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Explanation: After independence, farm and nonfarm output raised with the help of rural banking (advisory services and credit facilities) also credit, has been provided for self-employment scheme, leading to increase in rural development in employment level. Hence, the given statements are true.
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