Statements : I.The local co-operative credit society has decided to stop giving loans to farmers with immediate effect. II.A large number of credit society members have withdrawn major part of their deposits from the credit society.
A.
Statement I is the cause and statement II is its effect
B.
Statement II is the cause and statement I is its effect
C.
Both the statements I and II are independent causes
D.
Both the statements I and II are effects of independent causes
Answer:
Option
B
Explaination:
Clearly, withdrawal of funds by society members is bound to reduce the lending power of the society.