Tag: rural activities

Questions Related to rural activities

Which bank takes care of rural agriculture finance?

social science rural development in india credit and banking in rural areas rural activities credit

  1. IDBI

  2. IFC

  3. RBI

  4. NABARD

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Correct Option: D

What does the letter 'M' denote in the term 'MFI' as used in financial sector?

social science rural development in india credit and banking in rural areas rural activities credit

  1. Mini

  2. Monetary

  3. Micro

  4. Mega

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Correct Option: C
Explanation:

Micro Finance Institution, also known as MFI  is an organization that offers financial services to low income populations especially in rural ares. These organisations are created for the upliftment of poor sectors of the economy.

The Kisan Credit Card (KCC) Scheme was introduced in ___________.

social science rural development in india credit and banking in rural areas rural activities credit

  1. $1990-91$

  2. $1995-96$

  3. $1998-99$

  4. $2000-01$

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Correct Option: C

The NABARD (National Bank of Agricultural and Rural Development) is __________.

social science rural development in india credit and banking in rural areas rural activities credit

  1. an apex body to looking into the credit needs of the rural sector

  2. the only body looking after all the credit needs of farmers

  3. the main source of finance for the regional rural banks

  4. all of the above

Show answer
Correct Option: D
Explanation:

NABARD (National Bank for Agriculture and Rural Development) was set up in 19821892 to function as an apex bank in the area of rural credit. This bank does not directly extend any loans to the rural people. It extends financial assistance to cooperatives and regional rural banks, who in turn make available loans to the farmers.

Which of the following operates at the district level?

social science rural development in india credit and banking in rural areas rural activities credit

  1. State Cooperative Bank

  2. Central Cooperative Bank

  3. Primary Agricultural Credit Society

  4. Reserve Bank of India

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Correct Option: B

Land Development Banks form a part of the __________.

social science rural development in india credit and banking in rural areas rural activities credit

  1. Commercial Banks

  2. Industrial Development Bank of India

  3. Food Corporation of India

  4. Cooperative Credit Structure

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Correct Option: D

When did NABARD start a programme of linking self-help groups (SHGs) of the rural poor with banks?

social science rural development in india credit and banking in rural areas rural activities credit

  1. $1990$

  2. $1992$

  3. $1995$

  4. $2001$

Show answer
Correct Option: B

Which of the following combination is correct?

social science rural development in india credit and banking in rural areas rural activities credit

  1. NABARD- Industrial loans

  2. Regional Rural Banks - Agricultural finance

  3. RBI - Long term finance

  4. IDBI - Short term finance

Show answer
Correct Option: B
Explanation:

National Bank for Agriculture and Rural Development (NABARD) is an Apex Development Financial Institution in India. The Bank has been entrusted with "matters concerning Policy Planning and Operations in the field of credit for Agriculture and other Economic activities in Rural areas in India"


The RBI was established with the aim of being a banker's bank and also the bank for the government. Its task was to promote the economic growth of the country through various frameworks and economic policies of the government.

The main objectives of IDBI are to serve as the apex institution for term finance for industry in India. Its objectives include Co-ordination, regulation and supervision of the working of other financial institutions such as IFCI, ICICI, UTI, LIC, Commercial Banks and SFCs.

Hence only Regional Rural Bank provide agriculture finance.
So, B is the correct option.

The implementation of which of the following programmes is/was based on the concept of Self Help Groups (SHGs)?

social science rural development in india credit and banking in rural areas rural activities credit

  1. National Rural Employment Guarantee Act

  2. Sampoorna Grameen Rozgar Yojna

  3. National Food for work Programme

  4. None of these

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Correct Option: C

Which of the following schemes is launched by the Government of India to provide banking services in 73,000 villages in India?

social science rural development in india credit and banking in rural areas rural activities credit

  1. ASHA

  2. Swabhiman

  3. Kutir Jyoti

  4. RAY

Show answer
Correct Option: B