Tag: social science

Quizzes (684) Questions (1162)

Questions Related to social science

Multiple choice social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

Why trade is called an engine of growth?

  1. Because it helps in the increase of foreign currency reserve

  2. It makes available all kinds of goods anywhere

  3. Trade increases technology transfer

  4. It improves the welfare of the workers

  5. All of these
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Trade is called an engine of growth because it helps in the increase of foreign currency reserves; it makes available all kinds of goods anywhere; trade increases technology transfer from one country to another; it improves the welfare of the workers; and it helps to increase the total production of a country.

Multiple choice social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

What is an internal trade?

  1. Trade carried out in the country

  2. Trade carried out with other country

  3. Trade carried out with many countries

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Buying and selling of commodities and services within the country is known as internal trade. Whether the products are bought from local market, central market, and departmental store or from a door-to-door salesperson, all these are examples of internal trade. No custom duty or import duty is levied on this type of trade. Internal trade is a field of economy that includes both wholesale and retail trade.

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

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

  1. Mini

  2. Monetary

  3. Micro

  4. Mega
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

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

  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
Reveal answer Fill a bubble to check yourself
D Correct answer
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.

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

Which of the following operates at the district level?

  1. State Cooperative Bank

  2. Central Cooperative Bank

  3. Primary Agricultural Credit Society

  4. Reserve Bank of India
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In the cooperative credit structure, the Primary Agricultural Credit Society (PACS) is at the village level, the Central Cooperative Bank is at the district level, and the State Cooperative Bank is at the state level.

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

Land Development Banks form a part of the __________.

  1. Commercial Banks

  2. Industrial Development Bank of India

  3. Food Corporation of India

  4. Cooperative Credit Structure
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Land Development Banks are a specialized part of the cooperative credit structure in India, focusing on providing long-term credit for agricultural land development.