MCQ Questions on Rural Credit: Below, You will find a list of Commerce MCQ Questions as per the latest prescribed syllabus. Ace up your preparation with the Objective Questions available on Rural Credit and enhance your subject knowledge. Understand the concept clearly by consistently practicing the Multiple Choice Questions and score well in your exams.
MCQ Questions on Rural Credit
1. A small loan amount given to low-income household or group is known as.
a) Cash credit
b) Micro credit
c) Rural credit
d) Simple credit
Answer
Answer: (c)
2. Which microfinance institution is known as the Universal Bank?
(a) Bandhan Financial Services Private Ltd
(b) Arohan Financial Services Private Ltd
(c) Disha Microfinance Private Ltd
(d) SKS Microfinance Private Ltd
Answer
Answer: (a)
3. The formal sources of credit do not comprise of
(a) Cooperatives
(b) Employers
(c) Banks
(d) None of the above
Answer
Answer: (b)
4. The informal sector loans incorporate
(a) State Bank of India
(b) Moneylenders
(c) NABARD
(d) (A) and (B)
Answer
Answer: (b)
5. What option block the poor to get bank loans?
(a) Absence of collateral
(b) High rates of interest
(c) Complexity of procedure
(d) None of the above
Answer
Answer: (a)
6. In the self-help group, the loan and saving decisions are taken by
(a) Government
(b) Non-government organisation
(c) Bank
(d) Group members
Answer
Answer: (d)
7. In India, which organizations take care of the agriculture and rural development credits needs?
(a) IDBI
(b) NABARD
(c) ICAR
(d) FCI
Answer
Answer: (b)
8. In India, which organizations take care of the agriculture and rural development credits needs?
(a) IDBI
(b) NABARD
(c) ICAR
(d) FCI
Answer
Answer: (b)