Which of the following is NOT a source of agricultural finance in India? MCQ with Answer and Explanation

Question
Which of the following is NOT a source of agricultural finance in India?
A. Commercial banks
B. Cooperative societies
C. NABARD
D. Stock exchanges for small farmers
Answer: Option D
Solution (By JKSSB Mock Tests)
Stock exchanges primarily serve corporate entities. Agricultural finance is provided by commercial banks, cooperatives, RRBs and refinanced by NABARD.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The Second Five Year Plan was based on which model?
A. Rostow
B. Solow
C. Mahalanobis
D. Harrod-Domar
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Correct Answer: Option C

Explanation:
The Second Five Year Plan was based on the Mahalanobis model.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Credit Information Bureau (India) Limited' is commonly known as:
A. ICRA
B. CRISIL
C. CARE
D. CIBIL
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Correct Answer: Option D

Explanation:
Credit Information Bureau (India) Limited is known as CIBIL.
This question belongs to: Economy GK Economy Set 1
Question #3
The reverse repo in monetary policy means the RBI:
A. reduces CRR
B. lends funds to banks against securities
C. sells securities to banks with an agreement to repurchase them later, absorbing liquidity
D. buys government bonds outright
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Correct Answer: Option C

Explanation:
In reverse repo, the RBI sells securities to banks with an agreement to repurchase later, absorbing liquidity.
This question belongs to: Economy GK Economy Set 1
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