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12th Grade > Economics - 2

RURAL DEVELOPMENT MCQs

Total Questions : 30 | Page 1 of 3 pages
Question 1. What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh?
  1.    Grameen Bank
  2.    Reserve Bank
  3.    Cooperative Bank
  4.    None of these
 Discuss Question
Answer: Option A. -> Grameen Bank
:
A
TheGrameen Bankis amicrofinanceorganisation andcommunity development bankfounded inBangladesh. It makes small loans (known asmicrocreditor "grameencredit")to the impoverished without requiringcollateral.
Question 2. Microcredit programme refers to 
  1.    Credit provision made by small farmers
  2.    Credit provisions made by self help group to its members
  3.    Credit provision made by large farmers
  4.    None
 Discuss Question
Answer: Option B. -> Credit provisions made by self help group to its members
:
B
Microcreditis used to describe small loans granted to low income individuals that are excluded from the traditional banking system. It is part of the larger microfinance industry, which provides not only credit, but also savings, insurance, and other basic financial services to the poor.
Question 3. Which of the following is wrong regarding NABARD?
  1.    It helps farmers directly
  2.    It perform all the functions of RBI with regards to agriculture credit
  3.    It helps the flow of credit through co-operative banks, RRB’s etc
  4.    Maintain a research and development fund to promote research in agriculture 
 Discuss Question
Answer: Option A. -> It helps farmers directly
:
A
NABARD does notprovide any loan to individuals.It only refinances banks that give loan under specific categories in agriculture including dairy animal rearing.
Question 4. Fisheries involves catching and selling of fish, prawns and other aquatic animals.
  1.    True
  2.    False
  3.    Both (a) and (b)
  4.    None of the above
 Discuss Question
Answer: Option A. -> True
:
A
True.Fisheries involves catching and selling of fish, prawns and other aquatic animals.
Question 5. Rural Development aims at improving
  1.    Health Facilities
  2.    Reducing Poverty
  3.    Developing Infrastructure
  4.    All aspects of life
 Discuss Question
Answer: Option D. -> All aspects of life
:
D
Rural Development aims at improving all aspects of life.
Question 6. Regional Rural Banks are opened up in areas :
  1.    Facing financial problem
  2.    No. of banks are less than required
  3.    With no banking facility
  4.    Developing areas in terms of banking
 Discuss Question
Answer: Option C. -> With no banking facility
:
C
Regional Rural Banks are opened up in areas with no banking facility.
Question 7. How much of population is below the poverty line?
  1.    10%
  2.    20%
  3.    30%
  4.    40%
 Discuss Question
Answer: Option C. -> 30%
:
C
30% of the Indian population is below the poverty line.
Question 8. Moneylenders, landlords etc. charge low rate of interest from poor farmers.
  1.    True
  2.    False
  3.    Developing Infrastructure
  4.    All aspects of life
 Discuss Question
Answer: Option B. -> False
:
B
False.Moneylenders, landlords etc. charge unfairly high rate of interest from poor farmers.
Question 9. Organic produce has a
 
  1.    Short life
  2.    Medium life
  3.    Long life
  4.    Very short life
 Discuss Question
Answer: Option A. -> Short life
:
A
Organic produce has a short life.
Question 10. Short-term loans are required for purchasing machinery, constructing fences and digging wells. Such loans are generally stretched over a period of 12 months to 3 years.  
  1.    True
  2.    False
 Discuss Question
Answer: Option B. -> False
:
B
False. Medium-term loans are required for purchasing machinery, constructing fences and digging wells. Such loans are generally stretched over a period of 12 months to 5 years.

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