Rural Credit and Finance — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Which of the following statements regarding the Kisan Credit Card (KCC) scheme is/are correct? 1. It provides short-term credit for crop production only. 2. It covers farmers engaged in animal husbandry and fisheries. 3. The interest rate on KCC loans is always 0%. 4. It aims to reduce dependence on informal sources of credit. Select the correct answer using the code given below:
Which of the following institutions is NOT directly involved in providing refinance facilities for rural credit in India?
Consider the following statements regarding Regional Rural Banks (RRBs): 1. They were established on the recommendations of the Narasimham Committee (1975). 2. They are jointly owned by the Central Government, State Government, and a Sponsor Bank. 3. Their primary objective is to provide credit to large industries in rural areas. Which of the statements given above is/are correct?
Which of the following is NOT a function of NABARD?
The 97th Constitutional Amendment Act, 2011, is significant for rural credit in India because it: