Tag: rural credit

Questions Related to rural credit

Consider the following statements and select the correct one/ones by using the code given below:
1. As per the Government, India is able to realise only 30 per cent of its agri-exports potential.
2. The proposed scheme Operation Greens is not related to promotion of food processing facilities. 

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

  1. Only 1

  2. Only 2

  3. 1 and 2

  4. Neither 1 nor 2

Show answer
Correct Option: A
Explanation:

At present (2017-18, Provisional) India's agri-exports are at US$ 30 billion while its potential is of US$ 100 billion. The scheme Operation Greens is aimed at promoting food processing facilities also together with agri-logistics and professional management of the agri-goods. 

Select the incorrect function of the Export Credit Guarantee Corporation (ECGC) __________________.

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

  1. Provides a range of credit risk insurance covers to exporters against loss in export of gods and services.

  2. Offers guarantees to banks and financial institutions to enable exporters to obtain better facilities from them.

  3. One of its divisions provides export insurance to companies based abroad.

  4. Provides Overseas Investment Insurance (OII) to Indian companies investing in joint ventures abroad in the form of equity or loan.

Show answer
Correct Option: C
Explanation:

Export Credit Guarantee Corporation of India Limited, was established in the year 1957 by the Government of India to strengthen the export promotion drive by covering the risk of exporting on credit. Being essentially an export promotion organization, it functions under the administrative control of the Ministry of Commerce & Industry, Department of Commerce, and Government, Reserve Bank of India, banking, insurance and exporting community. ECGC is the fifth largest credit insurer of the world in terms of coverage of national exports. The present paid-up capital of the company is Rs. 800 crores and authorised capital Rs. 1,000 crores.

Nearly, half of the agricultural credit is concentrated in ______.

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

  1. eastern states

  2. western states

  3. northern states

  4. southern states

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Correct Option: D

Agricultural loan default is pegged at ________.

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

  1. 30%

  2. 40%

  3. 50%

  4. 60%

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Correct Option: B

In India generally the farmers get a  _________ price for their products.

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

  1. low

  2. high

  3. fair

  4. medium

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Correct Option: A

The major beneficiaries of agricultural credit have been ___________.

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

  1. large & medium farmers

  2. small & medium farmers

  3. only large farmers

  4. only small farmers

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Correct Option: A

The share of cooperative credit institutions in the total institutional credit shifted from 44% in 1990-91 to ______ in 2014-15.

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

  1. 25%

  2. 55%

  3. 32%

  4. 16%

Show answer
Correct Option: D
Explanation:

The share of cooperative credit institutions in the total institutional credit shifted from 44% in 1990-91 to 16% in 2014-15Cooperative credit institutions have covered only 65% of the rural population.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.

Which type of subsidies are provided to industrial research and pro competitive development activity in disadvantaged regions?

civics agriculture sector rural credit role of agriculture sector green revolution animal husbandry and fishery cattle farming

  1. Prohibited subsidies

  2. Actionable subsidies

  3. Non-actionable subsidies

  4. None of the above

Show answer
Correct Option: C
Explanation:

The subsidy contains three basic elements are a financial contribution, by a government or any public body within the region of an element, which confers an advantage. All three of these elements must be satisfied in order for a subsidy to exist. Non-actionable subsidies, however, are not subject to these tariffs. 

For example, environmental and scientific subsidies are non-actionable. non-actionable subsidies are those which are functional to explore and pre-competitive development performance, and others which help the disadvantaged region.

The correct answer is C.

What is correct about the Nutrient Based Subsidy (NBS) policy for fertilizers recently implemented by the Government of India?

civics agriculture sector rural credit role of agriculture sector green revolution animal husbandry and fishery cattle farming

  1. It increases the focus of fertilizer subsidy being given to the farmers.

  2. It rationalises the fertilizer subsidies among the three componentsN, P and K.

  3. It intends to check the fertilizer subsidy burden of the government.

  4. It delivers subsidy to end-users in place of the fertilizers manufacturers.

Show answer
Correct Option: C
Explanation:

By this, the government intends to check the expanding value of fertilizers subsidiessubsidies still go to the manufacturers and importers.

Which of the following is/are correct about 'second green revolution' in India - select your answer using the code given below:
1. Replacing the chemical inputs of farming by organic inputs
2. Sustainable and judicious use of the water, soil and other resources of farming
3.Using bio-technological knowledge for the purposes of enhancing productivity

civics agriculture sector rural credit role of agriculture sector green revolution animal husbandry and fishery cattle farming

  1. 1 and 2

  2. 2 and 3

  3. 1 and 3

  4. 1,2 and 3

Show answer
Correct Option: A
Explanation:

Use of bio-tech is optional and not obligatory to make farming 'green'. But in the case of India it looks better to use it as part of the second green revolution as it can be handy in the development of so many suitable inputs which may increase production and cut prices of the agriculture products.