Finance Quiz test

Which of the following is an example of a short-term loan in agriculture?

• Loan for purchasing tractors
• Crop production loan
• Loan for building irrigation wells
• Loan for land purchase

The repayment period of medium-term loans is generally:

• Up to 15 years
• 2 to 5 years
• 6 Months
• More than 15 years

Loans for purchasing heavy machinery like harvesters fall under:

• Short-term loans
• Medium-term loans
• Long -term Loans
• Consumption Loans

Which classification of loans is based on the purpose of borrowing?

• Productive and unproductive loans
• Secured and unsecured loans
• Term loans
• Personal loans

In which year were 14 major commercial banks nationalised in India?

• 1965
• 1969
• 1975
• 1980

The main objective of nationalising banks in India was to:

• Increase foreign trade
• Promote Private sector Bank
• Spread banking to rural areas and priority sectors
• Reduce agricultural lending

Farm credit analysis is mainly done to:

• Assess the repayment capacity of the farmer
• Increase government subsidies
• Fix the crop prices
• Calculate interest rates

Which test of farm credit analyses whether the loan amount is adequate for the intended purpose?

• Repayment test
• Safety test
• Adequacy test
• Liquidity test

Which of the following is true about Self-Help Groups (SHGs)?

• They are managed by government officials
• They usually consist of 10–20 members pooling savings
• They provide loans without savings
• They work only in urban areas

Microfinance refers to:

• Large corporate loans
• Small loans and financial services to low-income
• Loans for big agricultural projects
• International funding