Students who are searching for Class 12 Economics MCQ Questions of Rural Development with Answers free. We have compiled here to get good practice on all fundamentals. We have provided Rural Development Class 12 Economics MCQ Questions with Answers to help students understand the concept very well. Know your preparation level on MCQ Questions for Class 12 Economics with Answers.
Students also can take a free test of the Multiple Choice Questions of Rural Development. Each Question has four options followed by the right answer. Prepare effectively for the exam taking the help of the Class 12 Economics Objective Questions free of cost from here. The Economics Quiz Questions with Answers for Class 12 and prepare to help students understand the concept very well.
Practice the given Multiple Choice Questions for scoring high marks in the exam:-
1. Which among the following is an initiative taken for the development of rural India?
(A) Human Capital Formation
(B) Land Reforms
(C) Poverty Alleviation
(D) All of these
2. What was the growth rate of agricultural output during 2007-12?
(A) 32% per annum
(B) 6% per annum
(C) 1.5% per annum
(D) 5% per annum
3. When was the National Bank for Agricultural and Rural Development set up?
(A) 1962
(B) 1972
(C) 1982
(D) 1992
4. Which of the following is an institutional source of rural credit?
(A) Moneylenders
(B) Regional Rural Banks
(C) Traders
(D) Landlords
5. Which source of credit had emerged to fully integrate the formal credit system into the overall rural social and community development?
(A) Self-help Groups
(B) Regional Rural Banks
(C) Commercial Banks
(D) Land Development Banks
6. Which among the following is a process that involves the assembling, storage, processing, transportation, packaging, grading, and distribution of different agricultural commodities across the country?
(A) Agricultural Management
(B) Agricultural Banking
(C) Agricultural Diversification
(D) Agricultural Marketing
7. Which Indian state has been held as a success story in the efficient implementation of milk cooperatives?
(A) Punjab
(B) Gujarat
(C) Uttar Pradesh
(D) West Bengal
8. What is the name of the vegetable and fruit market in Andhra Pradesh?
(A) Apni Mandi
(B) Hadaspar Mandi
(C) Rythu Bazars
(D) Uzhavar Sandies
9. The action plan for rural development focuses on: –
a) Lingering challenges
b) Emerging challenges
c) Both a and b
d) None of these
10. Lingering Challenges include :
a) Challenge of rural credit
b) Challenge of rural marketing
c) Challenge of Unemployment
d) Both a and b
11. Initiatives required for Rural development includes: –
a) Development of Human resource
b) Land Reforms
c) Infrastructure development
d) All of these
12. Emerging Challenges of rural development includes:
a) Diversification of production activities
b) Organic farming
c) Both a and b
d) None of these
13. Rural credit is required for farming because
a) Most farming families have small landholdings.
b) They produce only for self-consumption
c) They need funds for further investment in agriculture
d) All of these
14. The duration of short-term credit is
a) 6 to 12 months
b) 2 to 5 years
c) 5 to 20 years
d) 12 months to 5 years
15. Which approach was adopted by India in 1969 to meet the needs of rural credit?
a) Social banking
b) Multi-agency
c) Both a and b
d) None of these
16. Short term credit is required for
a) Construction offense
b) Purchasing inputs like seeds, fertilizers, etc
c) For purchasing land or tractor
d) None of these
17. The Problem faced in rural banking are:
a) Insufficient rural credit
b) Growing overdue
c) Inadequate amount of sanction
d) All of these
18. The Scheme of “Micro Finance” is entended through
a) Self Help groups
b) Land Development Banks
c) NABARD
d) Regional Rural Banks
19. Which one of the following is not a non-institutional source of credit?
a) Money-lenders
b) Co-operative credit
c) Traders and commission agents
d) Land Development Bank
20. Why is the minimum support price fixed by the government?
a) For government own benefit
b) To safeguard the interest of farmers
c) To safeguard the interest of consumers
d) None of these
21. Which of the following is an institutional source of rural credit?
a) Co-operative Credit
b) Land Development Banks
c) NABARD
d) All of the above
22. Agriculture marketing does not comprise of
a) Transportation of the produce to the marketplace for sale
b) Grading of the produce according to the quality
c) Storage of the produce for sale in future
d) Credit took to meet expenditure on agriculture
23. Distress sale by the farmers refer to:
a) Sale of rotten crop
b) Sale of the crop through commission agents
c) Sale of the crop at the MSP fixed by the government
d) Sale of the crop at a very poor price
24. _________is the apex body which coordinates the functioning of different financial
institutions working for the expansion of rural credit.
a) NABARD
b) Self Help Groups
c) Regional Rural Banks
d) Commercial Banks
25. The government established the institutional sources of finance:
a) To Provide adequate credit to farmers at a cheaper interest rate
b) To assist small farmers in raising agricultural productivity and maximizing their
income
c) To earn profits
d) All of these
