Tag: rural credit
Questions Related to rural credit
Apex bank for agricultural credit is _______.
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NABARD
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RBI
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SBI
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RRB
Short-term funds are provided for a period of __________.
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12 months
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8 months
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15 months
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18 months
What is unproductive credit?
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Finance used to purchase seeds, fertilisers, pesticides and related agricultural tools.
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Credit taken for the purpose of permanently enhancing the productivity of land.
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Credit that can be repaid using increased income generated from productive use of finance.
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Credit required to meet consumption expenditures for social and religious purposes.
What are the traditional sources of agricultural credit termed as?
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Institutional sources
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Non-institutional sources
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Formal sources
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None of the above
The traditional sources of agricultural credit termed as non-institutional sources.In order to fulfill the financial requirements of the agricultural sector in rural India, appropriate and specialized credit agencies are needed. Credit helped to increase the productive capacity.Agricultural credit can be categorized on the basis of both purpose of credit and objective of credit provider.
Agricultural credit can be categorised on the basis of __________.
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purpose of credit
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objective of credit provider
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time period of credit
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both 'a and c'
Credit available for a period of 15 months to 5 years is termed as __________.
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long-term credit
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short-term credit
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medium-term creit
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both 'b and c'
Credit available for a period of 15 months to 5 years is termed as medium term credit.In order to fulfill the financial requirements of the agricultural sector in rural India, appropriate and specialized credit agencies are needed. Credit helped to increase the productive capacity.
What is productive credit?
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Finance used to purchase seeds, fertilisers, pesticides and related agricultural tools.
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Credit taken for the purpose of permanently enhancing the productivity of land.
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Credit which does not contribute to production.
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Both 'a and b'
Finance used to purchase seeds, fertilizers, pesticides and related agricultural tools and credit taken for the purpose of permanently enhancing the productivity of land are known as productive credit.
In March, 2014 there were over _______ 'primary agricultural credit societies' (PACS) covering 98% of villages in India.
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93,000
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82,000
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56,000
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98,000
In March, 2014 there were over 93000 'primary agricultural credit societies' (PACS) covering 98% of villages in India.
PACS provides institutional credit which assists rural households involved in agricultural activities.Credit helps to increase the productive capacity of the economy.
Which co-operative institutions provide credit in the agricultural sector?
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Cooperative banks
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Land Development Banks
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Both 'a and b'
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Neither a nor b
Non-institutional sources of rural credit still performs a vital role in providing credit for ___________ purposes.
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productive
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unproductive
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industrial
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none of the above
Non-institutional sources of rural credit still performs a vital role in providing credit for unproductive purposes.The traditional sources of agricultural credit termed as non-institutional sources.Non-institutional credit providers charge exorbitant interest rates ranging between 24% to 50%.In order to fulfill the financial requirements of the agricultural sector in rural India, appropriate and specialized credit agencies are needed. Credit helped to increase the productive capacity.Agricultural credit can be categorized on the basis of both purpose of credit and objective of credit provider.