Please refer to the following Rural Development Class 11 Economics MCQ Questions. These multiple choice questions have been prepared based on the latest examination pattern, NCERT book and syllabus issued by CBSE, NCERT and KVS. Students should go through all MCQ Questions for Class 11 Economics with answers as they will help them to prepare for the exams.
Rural Development Class 11 Economics MCQ Questions
Question. Which one of the following is not a non-institutionalsource of credit?
(a) Money lenders
(c) Traders and commission agents
(d)Land development bank
Question. Name the state which is held as a success story in the efficient implementation of milk cooperatives
(b) Jammu and Kashmir
(d) Andhra Pradesh
Question. Why is 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
Question. is the apex body which coordinates the functioning of different financial institutions working for expansion of rural credit
(b) Self-Help Groups
(c) Regional Rural Banks
(d) Commercial Banks
Question. Organic Farming is beneficial because:
(a) It generates income through international exports
(b) It is produced in an environmentally sustainable way
(c) It provides healthy food
(d) All of these
Question. The scheme of “Micro Finance” is extended through:
(a) Self-Help Groups
(b) Land Development Banks
(d) Regional Rural Banks
Question. Which states are major producers of Marine products (HOTS)
Kerala, Gujarat, Maharashtra and Tamil Nadu
Question. What is Cooperative Marketing?
It refers to a system in which marketing societies are formed by farmers to sell the output collectively and to take advantage of collective bargaining.
Question. What is Micro Finance?
It is credit scheme extended to the poor through Self-Help Groups (SHGs)
Question. Why have Self-Help Groups been set up?
It have been set up to promote the thrift in small proportions by a minimum contribution from each member. From the pooled money, credit is given to the needy members to be re payable in small installments at reasonable interest rates.
Question. Name the three institutional sources of agricultural credit
• Co-Operative credit societies
• Commercial Banks
• Regional Rural Banks
Question. Why is Minimum Support Price (MSP) fixed by the government?
To safe guard the interest of farmers.
Question. What is the main aim of Cooperative marketing societies?
The main aim of Cooperative marketing is to realize fair price for farmers products.
Question. What do you mean by “Operation Flood”?
Operation Flood is a system, whereby all the farmers can pool their milk produce according to different grading and the same is processed and marketed to Urban centers through co operatives.