Question : Which among the following microfinance institutions was established in India at the time of independence?
Option 1: Joint Liability Group
Option 2: Rural Cooperatives
Option 3: Self Help Group
Option 4: Grameen Model Bank
Correct Answer: Rural Cooperatives
Solution : The correct answer is Rural Cooperatives.
Following Indian independence, rural cooperatives were instituted to consolidate the resources of impoverished individuals, offering financial services through pooled funds. However, the system's intricate monitoring mechanisms proved challenging, and its benefits primarily favoured creditworthy borrowers in rural India.
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Question : In which year was the Reserve Bank of India established?
Option 1: 1939
Option 2: 1945
Option 3: 1935
Option 4: 1925
Question : Which among the following is an apex institution in the sphere of agriculture credit in India?
Option 1: NABARD (National Agriculture and Rural Development)
Option 2: SIDBI (Small Industries Development Bank of India)
Option 3: EXIM (Export & Import ) Bank
Option 4: NAFED (National Agricultural Cooperative Marketing Federation of India Ltd.)
Question : Who among the following presides over a joint sitting of both the Houses summoned by the President of India?
Option 1: Chairman of Rajya Sabha
Option 2: Speaker of Lok Sabha
Option 3: President of India
Option 4: Prime Minister of India
Question : In which of the following acts was the system of dyarchy introduced at the centre?
Option 1: Indian Councils Act 1909
Option 2: Government of India Act 1919
Option 3: Government of India Act 1935
Option 4: Indian Independence Act 1947
Question : In June _________, the Reserve Bank of India published a "Consultative Document on Regulation of Microfinance".
Option 1: 2021
Option 2: 2019
Option 3: 2022
Option 4: 2020
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