Tag: role of agriculture sector

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

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

  1. long-term credit

  2. short-term credit

  3. medium-term creit

  4. both 'b and c'
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

What is productive credit?

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

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

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

  1. 93,000

  2. 82,000

  3. 56,000

  4. 98,000
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

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

Which co-operative institutions provide credit in the agricultural sector?

  1. Cooperative banks

  2. Land Development Banks

  3. Both 'a and b'

  4. Neither a nor b
Reveal answer Fill a bubble to check yourself
C Correct answer
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.
Multiple choice social science agriculture sector rural credit role of agriculture sector green revolution

Non-institutional sources of rural credit still performs a vital role in providing credit for ___________ purposes.

  1. productive

  2. unproductive

  3. industrial

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

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.

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

Non-institutional credit providers charge exorbitant interest rates ranging between 24% to _______.

  1. 50%

  2. 30%

  3. 26%

  4. 40%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

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.

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

Co-operative banks have a  __________ structure.

  1. 2-tier

  2. 3-tier

  3. 4-tier

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Co-operative banks have a  3-tier structure.Cooperative banks as a cooperative credit institution provide both medium-term as well as short-term.loans.Cooperatives provide Institutional credit which assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.

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

___________ were the major source of agricultural credit which accounted for about 70% of agricultural credit in 1950-51.

  1. Moneylenders

  2. Zamindars

  3. Banks

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

In 1950-51, the formal banking sector was underdeveloped in rural areas, leaving farmers heavily dependent on informal sources like moneylenders for credit.

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

Which co-operative credit institution provides long-term loans?

  1. Cooperative Banks

  2. Land Development Banks

  3. NABARD

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Land Development Banks- co-operative credit institution provides long-term loans. It provide loans generally more than one year. It provides institutional credit which assist in agricultural developmental activities. Land Development Banks (LDBs) have a 2-tier structure.Land Development Banks (LDBs) have been effectively established in India since 1929.