Tag: social science

Questions Related to social science

Which of the following combination is correct?

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

  1. NABARD- Industrial loans

  2. Regional Rural Banks - Agricultural finance

  3. RBI - Long term finance

  4. IDBI - Short term finance

Show answer
Correct Option: B
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.

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

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

  1. National Rural Employment Guarantee Act

  2. Sampoorna Grameen Rozgar Yojna

  3. National Food for work Programme

  4. None of these

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Correct Option: C

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

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

  1. ASHA

  2. Swabhiman

  3. Kutir Jyoti

  4. RAY

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Correct Option: B

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

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

  1. National Rural Employment Guarantee Scheme

  2. National Food for Work Programme

  3. Swarnjayanthi Gram Swarozgar Yojana(SGSY)

  4. Jawahar Rozgar Yojana

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Correct Option: C

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?

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

  1. Credit cards

  2. Loan against gold from financial institute

  3. Debit cards

  4. Moneylender

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Correct Option: D

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

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

  1. Kisan Credit Card

  2. Personal Loan

  3. Business loan

  4. ATM Card

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Correct Option: A

Which of the following Credit Cards is specially designed for the people involved in agricultural activities?

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

  1. Visa Card

  2. Masters Card

  3. Gold Card

  4. Kisan Credit Card

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Correct Option: D

Which of the following rural banks has been named after a river?

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

  1. Prathma Bank

  2. Thar Anchalic Grameen Bank

  3. Aravali Kshetriya Grameen Bank

  4. Varada Grameen Bank

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Correct Option: D

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?

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

  1. Grameen Bank of Bangladesh

  2. CRY

  3. ASHA

  4. NABARD

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Correct Option: A

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

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

  1. India

  2. Bangladesh

  3. South Africa

  4. USA

Show answer
Correct Option: B
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.