Tag: credit and banking in rural areas

Questions Related to credit and banking in rural areas

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

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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.

What is NABARD'S primary aim?

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

  1. To provide term loans to state co-operative

  2. To assist state governments for share capital contribution

  3. To act as refinance institution

  4. All of the above

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Correct Option: D

Which of the following is not one of the major functions of the National Bank for Agricultural and Rural Development (NABARD)?

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

  1. Acting as a regulator for cooperative banks and RRBs.

  2. Extending assistance to the government and others in matters related to rural development

  3. Providing refinance to lending institutions in rural areas

  4. Review of monetary and credit policy

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Correct Option: D

As per the news published in various newspapers, loans to MSEs by rural banks will be treated as priority sector loans. What is the full form of MSE?

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

  1. Multi Service Enterprises

  2. Micro Software Enterprises

  3. Micro and Small Enterprises

  4. Mutual funds and Service Entities

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Correct Option: C