Which of the following is a major source of agricultural credit in India? MCQ with Answer and Explanation

Question
Which of the following is a major source of agricultural credit in India?
A. Foreign institutional investors only
B. Mutual funds
C. Commercial banks, cooperative banks and Regional Rural Banks
D. Stock exchanges
Answer: Option C
Solution (By JKSSB Mock Tests)
Institutional agricultural credit in India is primarily provided by commercial banks, cooperative banks and Regional Rural Banks, with refinancing support from NABARD.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is NOT a type of public debt?
A. Internal debt
B. Tax revenue
C. Market borrowings
D. External debt
Discuss
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Correct Answer: Option B

Explanation:
Tax revenue is a receipt, not debt. Public debt includes internal debt (market borrowings, treasury bills) and external debt.
This question belongs to: Economy GK Economy Set 1
Question #2
External commercial borrowing refers to:
A. borrowing by the government from the RBI
B. borrowing by Indian firms from foreign lenders
C. foreign direct investment
D. borrowing from domestic banks
Discuss
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Correct Answer: Option B

Explanation:
External commercial borrowing is commercial loans raised by Indian firms from foreign lenders.
This question belongs to: Economy GK Economy Set 1
Question #3
Pradhan Mantri Jan Dhan Yojana primarily aims at:
A. universal financial inclusion with bank accounts and RuPay cards
B. providing crop insurance
C. providing pensions to all
D. building infrastructure
Discuss
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Correct Answer: Option A

Explanation:
PMJDY aims at financial inclusion by providing bank accounts, RuPay cards, overdraft and insurance.
This question belongs to: Economy GK Economy Set 1
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