Types of Borrowing

Q.

Which of the following is a non-institutional source of rural credit?

1. RRBs

2. Cooperative socities

3. Commercial banks

4. Money lenders
   

Q.

What is collateral?

Q.

Which of the following is incorrect 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

Q.

Moneylenders, landlords etc. charge low rate of interest from poor farmers.

1. True

2. False

Q.

Money lenders are institutional sources of agricultural credit. State true or false.

1. False

2. True

Q.

What is the 'collateral' demand that lenders often make against loans?

1. Vehicle of the borrower

2. Building of the borrower

3. Both (a) and (b)

4. None of these

Q.

Name some of the commercial banks in India.

Q.

Micro-finance is a credit scheme extended to poor through Self Help Groups (SHGs).

1. True

2. False

Q.

Rural population needs short-term loans for:

1. For meeting consumption expenditure

2. For buying cattle

3. For buying tractors

4. For paying old debt

Q.

Which among the following is a private sector bank?

1. State bank of Hyderabad
2. ICICI
3. IDBI
4. Bharatiya Mahila bank

Q. why commercial banks are also known as joint stock banks?

Q.

Persons in rural areas need long-term loans for:

1. For buying fertilizers

2. To buy seeds

3. For buying agricultural machinery

4. For making minor improvements on land

Q. Co-operative credit societies have a _____.

1. two-tier structure
2. three-tier structure
3. four-tier structure
4. five-tier structure

Q. SIDBI is set up in ____ as a wholly owned subsidiary of ______.

1. 1985 - EXIM
2. 1969 - RRBS
3. 1990 - IDBI
4. 1975 - IFCI

Q. Credit given by _________ in rural areas saw a massive increase since 1969.

1. NABARD
2. commercial banks
3. cooperative societies
4. RBI

Q. Write a word/term/phrase which can substituted each of the following statements:
Expenses which are paid before due.