Tag: green revolution

Questions Related to green revolution

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

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

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

  1. Cooperative Banks

  2. Land Development Banks

  3. NABARD

  4. None of the above

Show answer
Correct Option: B
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.

The 3-tier structure of co-operative banks includes which of the following?
(i)   NABARD
(ii)  State Cooperative Banks
(iii) Central Cooperative Banks
(iv) District Central Cooperative Banks
(v)  Primary Agricultural Credit Societies (PACS)

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

  1. (i), (ii) and (iv)

  2. (i), (iii) and (v)

  3. (ii), (iv) and (v)

  4. (ii), (iii) and (v)

Show answer
Correct Option: C
Explanation:
The 3-tier structure of co-operative banks includes :-a) State Cooperative Banksb) Primary Agricultural Credit Societies (PACS)
c) District Central Cooperative Banks
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.

___________ operate in each state at the apex level.

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

  1. State Cooperative Banks

  2. Central Cooperative Banks

  3. Primary Agricultural Credit Societies (PACS)

  4. State Central Cooperative Banks

Show answer
Correct Option: A
Explanation:

State Cooperative Banks operate in each state at the apex level.State Cooperative Banks provides institutional credit which assists rural households involved in agricultural activities.Credit helps to increase the productive capacity of the economy.