Economics Practice Quiz 47

Q1.Which of the following is NOT explicitly mentioned as a type of cooperative in the provided text?

A. Farmers cooperatives B. Weavers cooperatives C. Fishermen cooperatives D. Industrial workers cooperatives

Q2.Where does the Krishak Cooperative primarily function?

A. In Sonpur itself B. In a village far away from Sonpur C. In a village not very far away from Sonpur D. In an urban center near Sonpur

Q3.How many farmers are members of the Krishak Cooperative?

A. 1200 B. 2300 C. 3400 D. 4500

Q4.How does the Krishak Cooperative primarily obtain large loans from banks?

A. By using government subsidies as collateral. B. By pledging its land and buildings. C. By using deposits from its members as collateral. D. By securing guarantees from wealthy individuals.

Q5.Which of the following is NOT a purpose for which Krishak Cooperative provides loans?

A. Purchase of agricultural implements B. Loans for cultivation and agricultural trade C. Loans for starting a new factory D. Loans for construction of houses

Q6.What is a significant reason why many people in Sonpur find it difficult to obtain bank loans?

A. Banks prefer to lend only to moneylenders. B. Interest rates on bank loans are too high. C. Banks demand collateral which everyone cannot provide. D. People in Sonpur prefer borrowing from traders.

Q7.What is one of the key objectives of the Reserve Bank of India's (RBI) supervision over banks regarding loan distribution?

A. To ensure loans are given only to large profit-making businesses. B. To ensure banks maintain a high minimum cash balance. C. To ensure loans are distributed to small cultivators and small-scale industries, not just profit-making businesses. D. To ensure banks do not lend to any informal sector entities.

Q8.Which organization supervises the credit activities of lenders in the informal sector?

A. The Reserve Bank of India B. Commercial Banks C. Cooperative Societies D. No specific organization supervises it.

Q9.Which of the following is considered a formal sector lender, as per the provided text?

A. Moneylenders B. Relatives and friends C. Cooperative banks D. Employers

Q10.Besides ensuring broad loan distribution, what specific aspect of bank functioning does the Reserve Bank of India monitor?

A. The daily stock market transactions of banks. B. The maintenance of a minimum cash balance out of deposits. C. The recruitment process for bank employees. D. The interest rates charged by informal lenders.

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Economics Practice Quiz 47