Tag: social science

Questions Related to social science

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.

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

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

  1. productive

  2. unproductive

  3. industrial

  4. none of the above

Show answer
Correct Option: B
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.

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

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

  1. 50%

  2. 30%

  3. 26%

  4. 40%

Show answer
Correct Option: A
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.

Co-operative banks have a  __________ structure.

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

  1. 2-tier

  2. 3-tier

  3. 4-tier

  4. none of the above

Show answer
Correct Option: B
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.

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

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

  1. Moneylenders

  2. Zamindars

  3. Banks

  4. Commission Agents

Show answer
Correct Option: A

Cooperative banks as a cooperative credit institution provide ________ loans.

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

  1. medium-term

  2. short-term

  3. long-term

  4. both 'a and b'

Show answer
Correct Option: D