Question : The institutional financial sources were developed by the government: A: To offer farmers enough finance at a lower interest rate. B: To help small farmers maximize their income by increasing agricultural productivity.
Option 1: Only A
Option 2: Only B
Option 3: Both of the above
Option 4: None of the above
Correct Answer: Only B
Solution : The institutional financial sources were developed by the government to help small farmers maximize their income by increasing agricultural productivity. Three institutional sources of agricultural credit are- Co-operative Credit Societies, Commercial Banks, and. Regional Rural Banks. Hence option b is the correct answer.
Question : Which statement is true? A: Currently, the livestock industry offers over 70 million small and marginal farmers as well as landless laborers alternative means of subsistence. B: The infrastructure that is now in place is adequate to fulfill the expanding demand in rural agricultural marketing.
Question : Which of the following is not a measure to reduce rural poverty in India?
Option 1: Increasing agricultural productivity
Option 2: Promoting non-farm employment opportunities
Option 3: Enhancing access to credit facilities for farmers
Option 4: Privatization of public sector enterprises
Question : The National Mission on Agricultural Extension and Technology (NMAET) aims to:
Option 1: Promote modern agricultural machinery and equipment
Option 2: Improve agricultural productivity through technology transfer
Option 3: Provide financial assistance for agricultural research projects
Option 4: Establish cold storage facilities in rural areas
Question : Case Study 10: Entrepreneurship and Economic Growth
A group of young graduates decided to start a tech startup. They developed an innovative mobile application that connects farmers directly to consumers, eliminating the need for middlemen. This resulted in better prices for farmers and affordable produce for consumers.
Question:
The startup's app contributes to economic growth by:
Option 1: Increasing the cost of agricultural products
Option 2: Creating more middlemen
Option 3: Promoting direct farmer-consumer interactions
Option 4: Limiting the reach of agricultural products
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile