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Agricultural Credit and Banking Institutions in India

This quiz tests knowledge of Indian agricultural credit legislation, acts related to NABARD, ARDC, regional rural banks, cooperative banks, and various credit delivery mechanisms for farmers.

14 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which act was enacted to provide short-term credit to farmers for agricultural purposes?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. None of the above
Question 2 Multiple Choice (Single Answer)

Which act was enacted to provide long-term credit to farmers for agricultural purposes?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. None of the above
Question 3 Multiple Choice (Single Answer)

Which act was enacted to establish the National Bank for Agriculture and Rural Development (NABARD)?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. None of the above
Question 4 Multiple Choice (Single Answer)

What is the main objective of NABARD?

  1. To provide short-term credit to farmers
  2. To provide long-term credit to farmers
  3. To promote rural development
  4. All of the above
Question 5 Multiple Choice (Single Answer)

Which act was enacted to provide debt relief to farmers?

  1. Agricultural Debt Relief Act, 2008
  2. Agricultural Debt Waiver and Debt Relief Scheme, 2008
  3. Agricultural Debt Relief Scheme, 2008
  4. None of the above
Question 6 Multiple Choice (Single Answer)

Which act was enacted to provide a comprehensive framework for agricultural credit?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. Agricultural Credit Framework Act, 2009
Question 7 Multiple Choice (Single Answer)

What is the main objective of the Agricultural Credit Framework Act, 2009?

  1. To provide short-term credit to farmers
  2. To provide long-term credit to farmers
  3. To promote rural development
  4. To ensure the flow of credit to the agricultural sector
Question 8 Multiple Choice (Single Answer)

Which act was enacted to provide credit to farmers for non-agricultural purposes?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. Agricultural and Rural Development Banks Act, 1981
Question 9 Multiple Choice (Single Answer)

Which act was enacted to provide credit to farmers for agricultural and non-agricultural purposes?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. State Cooperative Banks (Amendment) Act, 1981
Question 10 Multiple Choice (Single Answer)

Which act was enacted to provide credit to farmers for agricultural and non-agricultural purposes through cooperative societies?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. Cooperative Societies Act, 1912
Question 11 Multiple Choice (Single Answer)

Which act was enacted to provide credit to farmers for agricultural and non-agricultural purposes through regional rural banks?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. Regional Rural Banks Act, 1976
Question 12 Multiple Choice (Single Answer)

Which act was enacted to provide credit to farmers for agricultural and non-agricultural purposes through commercial banks?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. Banking Regulation Act, 1949
Question 13 Multiple Choice (Single Answer)

Which act was enacted to provide credit to farmers for agricultural and non-agricultural purposes through microfinance institutions?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. Microfinance Institutions (Development and Regulation) Act, 2011
Question 14 Multiple Choice (Single Answer)

Which act was enacted to provide credit to farmers for agricultural and non-agricultural purposes through non-banking financial companies?

  1. Agricultural Credit Act, 1961
  2. Agricultural Refinance and Development Corporation Act, 1963
  3. National Bank for Agriculture and Rural Development Act, 1981
  4. Non-Banking Financial Companies (Regulation) Act, 1997
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