Tag: agriculture sector

Questions Related to agriculture sector

Consider the following statements
1. India ranks first in the world in dairy milk production.
2. The per capita availability of dairy milk in India is more than the per capita availability of the world.
Which of the statements given above is/are correct?

general knowledge resources of india and world animal husbandry and fishery green and white revolution agriculture in indian economy cattle farming agriculture sector

  1. Only 1

  2. Only 2

  3. Both 1 and 2

  4. Neither 1 nor 2

Show answer
Correct Option: C
Explanation:

The Indian dairy sector has acquired substantial growth momentum from the Ninth Five-year plan onwards, as a result of which the country now ranks first among the world's milk producing nations. The per capita availability of the milk has reached a level of 337g per day in the year 2017, which is more than the world average of 229g per day.

Apex bank for agricultural credit is _______.

social science agriculture sector rural credit role of agriculture sector green revolution

  1. NABARD

  2. RBI

  3. SBI

  4. RRB

Show answer
Correct Option: A

Short-term funds are provided for a period of __________.

social science agriculture sector rural credit role of agriculture sector green revolution

  1. 12 months

  2. 8 months

  3. 15 months

  4. 18 months

Show answer
Correct Option: C

What is unproductive credit?

social science agriculture sector rural credit role of agriculture sector green revolution

  1. Finance used to purchase seeds, fertilisers, pesticides and related agricultural tools.

  2. Credit taken for the purpose of permanently enhancing the productivity of land.

  3. Credit that can be repaid using increased income generated from productive use of finance.

  4. Credit required to meet consumption expenditures for social and religious purposes.

Show answer
Correct Option: D
Explanation:
Credit required to meet consumption expenditures for social and religious purposes is known as unproductive credit. Agricultural credit can be categorized on the basis of both purpose of credit and objective of credit provider.
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 are the traditional sources of agricultural credit termed as?

social science agriculture sector rural credit role of agriculture sector green revolution

  1. Institutional sources

  2. Non-institutional sources

  3. Formal sources

  4. None of the above

Show answer
Correct Option: B
Explanation:

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 __________.

social science agriculture sector rural credit role of agriculture sector green revolution

  1. purpose of credit

  2. objective of credit provider

  3. time period of credit

  4. both 'a and c'

Show answer
Correct Option: D
Explanation:
Agricultural credit can be categorized on the basis of both purpose of credit and objective of credit provider.
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.

Credit available for a period of 15 months to 5 years is termed as __________.

social science agriculture sector rural credit role of agriculture sector green revolution

  1. long-term credit

  2. short-term credit

  3. medium-term creit

  4. both 'b and c'

Show answer
Correct Option: C
Explanation:

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?

social science agriculture sector rural credit role of agriculture sector green revolution

  1. Finance used to purchase seeds, fertilisers, pesticides and related agricultural tools.

  2. Credit taken for the purpose of permanently enhancing the productivity of land.

  3. Credit which does not contribute to production.

  4. Both 'a and b'

Show answer
Correct Option: D
Explanation:

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 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.

In March, 2014 there were over _______ 'primary agricultural credit societies' (PACS) covering 98% of villages in India.

social science agriculture sector rural credit role of agriculture sector green revolution

  1. 93,000

  2. 82,000

  3. 56,000

  4. 98,000

Show answer
Correct Option: A
Explanation:

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?

social science agriculture sector rural credit role of agriculture sector green revolution

  1. Cooperative banks

  2. Land Development Banks

  3. Both 'a and b'

  4. Neither a nor b

Show answer
Correct Option: C
Explanation:
Co-operative institutions which provide credit in the agricultural sector are :-
a) cooperative banks
b) Land Development Banks Institutional credit assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.