Tag: social science

Quizzes (684) Questions (1162)

Questions Related to social science

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

Which of the following combination is correct?

  1. NABARD- Industrial loans

  2. Regional Rural Banks - Agricultural finance

  3. RBI - Long term finance

  4. IDBI - Short term finance
Reveal answer Fill a bubble to check yourself
B Correct answer
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.

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

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

  1. National Rural Employment Guarantee Act

  2. Sampoorna Grameen Rozgar Yojna

  3. National Food for work Programme

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

The National Food for Work Programme (NFWP) was designed to provide additional resources to rural areas, and it utilized the SHG concept for community-based implementation and monitoring.

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

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

  1. ASHA

  2. Swabhiman

  3. Kutir Jyoti

  4. RAY
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Swabhiman scheme was launched by the Government of India in 2011 to provide banking services to unbanked villages with a population of over 2,000.

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

Which of the following schemes was redesigned and restructured into National Livelihood Mission (NLM)?

  1. National Rural Employment Guarantee Scheme

  2. National Food for Work Programme

  3. Swarnjayanthi Gram Swarozgar Yojana(SGSY)

  4. Jawahar Rozgar Yojana
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Swarnjayanthi Gram Swarozgar Yojana (SGSY) was restructured into the National Rural Livelihood Mission (NRLM) in 2011 to provide a more comprehensive approach to rural poverty alleviation.

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

As per the reports published in various journals and newspapers, the ''small borrowers" in rural areas still prefer to take informal route for their credit needs. Which of the following is the "informal route" of credit in the financial sector?

  1. Credit cards

  2. Loan against gold from financial institute

  3. Debit cards

  4. Moneylender
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Informal credit routes in rural areas consist of non-institutional lenders such as moneylenders, landlords, traders, and relatives, who operate outside the formal banking regulatory framework.

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

Which of the following products launched by most of the banks helps farmers in getting instant credit for various agricultural purposes?

  1. Kisan Credit Card

  2. Personal Loan

  3. Business loan

  4. ATM Card
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Kisan Credit Card (KCC) is specifically designed to provide farmers with flexible and instant credit for agricultural inputs and other farming-related expenses.

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

Which of the following organisations/banks has done a commendable work in the field of micro-finance and was awarded Nobel Prize also in the past?

  1. Grameen Bank of Bangladesh

  2. CRY

  3. ASHA

  4. NABARD
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Grameen Bank of Bangladesh, founded by Muhammad Yunus, pioneered the micro-finance model and was awarded the Nobel Peace Prize in 2006 for its efforts in poverty reduction.

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

Which of the following nations is considered the originator of the concept of Micro-Finance?

  1. India

  2. Bangladesh

  3. South Africa

  4. USA
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Grameen Bank, which is  the first modern micro- credit institution, was founded in 1983 by Muhammad Yunus from Bangladesh. Yunus began the project in a small town called Jobra, using his own money to give small loans at low-interest rates to the poor in rural areas.