AsterQuiz RURAL DEVELOPMENTOnline version ECONOMICS by nirajtiwary2022@gmail.com 1 A village has poor roads, inadequate storage facilities, limited access to credit and high poverty. The government plans a programme that addresses infrastructure, resources, land reforms etc. Which concept best describes this approach? a Rural development b Agricultural marketing c Organic farming 2 Ramesh needs an urgent loan to purchase seeds. A local moneylender gives him the money immediately without asking for legal documents but charges a very high rate of interest. Which source of credit is Ramesh using? a Commercial bank b Regional Rural Bank c Non-institutional source 3 A farmer chooses a moneylender because he needs money immediately and wants to avoid lengthy formalities. However, after taking the loan, he finds that the interest rate is very high. Which combination correctly explains his decision and its conseq? a Easy access — high interest b Legal formalities — low interest c Collective bargaining — better price 4 A government wants to strengthen agricultural and rural credit by focusing on policy, planning and operations relating to agricultural credit and other economic activities in rural areas. Which institution should play the major role? a SBI b NABARD c RRB 5 Ten poor villagers form a small group. Each member saves a small amount regularly, and the group's savings are deposited in a bank in the group's name. Which institution is illustrated here? a Regional Rural Bank b Self-Help Group c Commercial Bank 6 A rural entrepreneur starts cultivating fruits, vegetables, flowers and medicinal plants instead of depending entirely on food-grain cultivation. Which activity is being promoted? a Fisheries b Animal husbandry c Horticulture 7 Which of the following is a non-institutional source of rural credit? a NABARD b Regional Rural Bank c Moneylender 8 NABARD was established in: a 1982 b 1975 c 2014 9 Which institution promotes credit facilities in rural and backward areas and focuses on weaker sections? a RRB b NABARD c RBI 10 The government purchases agricultural products from farmers at the: a Maximum Retail Price b Minimum Support Price c Market Price only
