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Since the inception of the co-operative movement, rural credits has been

  • A.Institutionalized
  • B.Rationalized
  • C.Cheapened
  • D.All of the above

Answer: D

All of these have happened.

Co-operatives brought rural credit within an organised institutional framework, replaced the moneylender's arbitrary terms with regulated procedures, and lent at rates far below the traditional ones. The movement's weakness has been recovery rather than reach.

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