Question 1

What is the primary focus of rural development?

Accepted Answer

Rural development is a comprehensive action plan focused on the social and economic development of rural areas, particularly uplifting the underprivileged sections of society.

Question 2

NABARD was established in which year?

Accepted Answer

NABARD (National Bank for Agriculture and Rural Development) was established in July 1982 to oversee and coordinate the activities of all institutions engaged in rural financing.

Question 3

Which of the following is an institutional source of rural credit?

Accepted Answer

Regional Rural Banks (RRBs) are a major institutional source of rural credit established to provide credit and other facilities to small and marginal farmers.

Question 4

Microcredit programmes typically deliver credit to the poor through which of the following?

Accepted Answer

Self-Help Groups (SHGs) are widely used in microcredit programmes to pool savings and provide small loans to members, especially women.

Question 5

What does agricultural diversification primarily involve?

Accepted Answer

Agricultural diversification involves shifting from single-crop farming to a variety of crops and non-farm activities to reduce risk and raise income.

Rural Development — NCERT Class 11 Economics Important Questions & Revision Notes