Question:
Read the following case and choose the correct option:
Swapna owns a small farm in her village. She wants to take loan to meet the expense of cultivation. From which of the following sources should Swapna take the loan?
Read the following case and choose the correct option:
Swapna owns a small farm in her village. She wants to take loan to meet the expense of cultivation. From which of the following sources should Swapna take the loan?
Swapna owns a small farm in her village. She wants to take loan to meet the expense of cultivation. From which of the following sources should Swapna take the loan?
Show Hint
Always prefer formal sources of credit such as banks and cooperative societies because they provide loans at lower interest rates and are regulated by the government.
Updated On: Jul 28, 2026
- Reserve Bank of India
- Nearest nationalised bank
- Moneylender of the village
- Agricultural trader
Show Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Step 1: Understand the situation.
Swapna is a small farmer who requires a loan to meet cultivation expenses. She should obtain credit from a reliable and regulated financial institution.
Step 2: Analyse the options.
The Reserve Bank of India does not provide loans directly to farmers. Moneylenders and agricultural traders usually charge high rates of interest and may exploit borrowers.
Step 3: Identify the best source of credit.
A nationalised bank provides loans at reasonable interest rates, follows government regulations, and offers various agricultural credit schemes for farmers.
Step 4: Select the correct option.
Therefore, the best option for Swapna is the nearest nationalised bank.
\[ \boxed{\text{Correct Answer = (B) Nearest nationalised bank}} \]
Swapna is a small farmer who requires a loan to meet cultivation expenses. She should obtain credit from a reliable and regulated financial institution.
Step 2: Analyse the options.
The Reserve Bank of India does not provide loans directly to farmers. Moneylenders and agricultural traders usually charge high rates of interest and may exploit borrowers.
Step 3: Identify the best source of credit.
A nationalised bank provides loans at reasonable interest rates, follows government regulations, and offers various agricultural credit schemes for farmers.
Step 4: Select the correct option.
Therefore, the best option for Swapna is the nearest nationalised bank.
\[ \boxed{\text{Correct Answer = (B) Nearest nationalised bank}} \]
Was this answer helpful?
0
0
Top CBSE X Social Science Questions
- Read the following source carefully and answer the questions that follow:
Print Comes to India
From 1780, James Augustus Hickey began to edit the Bengal Gazette, a weekly maga zine that described itself as ‘a commercial paper open to all, but influenced by none’. So it was private English enterprise, proud of its independence from colonial influence, that began English printing in India. Hickey published a lot of advertisements, including those that related to the import and sale of slaves. But he also published a lot of gossip about the Company’s senior officials in India. Enraged by this, Governor-General War ren Hastings persecuted Hickey, and encouraged the publication of officially sanctioned newspapers that could counter the flow of information that damaged the image of the colonial government. By the close of the eighteenth century, a number of newspapers and journals appeared in print. There were Indians, too, who began to publish Indian news papers. The first to appear was the weekly Bengal Gazette, brought out by Gangadhar Bhattacharya, who was close to Raja Rammohan Roy. - Read the following source carefully and answer the questions that follow:
Loans from Cooperatives
Besides banks, the other major source of cheap credit in rural areas are the cooperative societies (or cooperatives). Members of a cooperative pool their resources for coopera tion in certain areas. There are several types of cooperatives possible such as farmers cooperatives, weavers cooperatives, industrial workers cooperatives, etc. Krishak Coop erative functions in a village not very far away from Sonpur. It has 2300 farmers as members. It accepts deposits from its members. With these deposits as collateral, the Cooperative has obtained a large loan from the bank. These funds are used to provide loans to members. Once these loans are repaid, another round of lending can take place. Krishak Cooperative provides loans for the purchase of agricultural implements, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses. - Arrange the following incidents in chronological order and choose the correct option.
1. French Revolution
2. Napoleon’s invasion of Italy
3. Unification of Italy
4. Vienna Peace Treaty - Choose the correct option to fill in the blank.
______ from India and Southeast Asia traveled through ‘Silk Route’ to other parts of the world. - Choose the correct option, related to the founders of the ‘Swaraj Party’ within the Congress.
View More Questions
Top CBSE X Variety of Credit Questions
- Read the following source carefully and answer the questions that follow:
Loans from Cooperatives
Besides banks, the other major source of cheap credit in rural areas are the cooperative societies (or cooperatives). Members of a cooperative pool their resources for coopera tion in certain areas. There are several types of cooperatives possible such as farmers cooperatives, weavers cooperatives, industrial workers cooperatives, etc. Krishak Coop erative functions in a village not very far away from Sonpur. It has 2300 farmers as members. It accepts deposits from its members. With these deposits as collateral, the Cooperative has obtained a large loan from the bank. These funds are used to provide loans to members. Once these loans are repaid, another round of lending can take place. Krishak Cooperative provides loans for the purchase of agricultural implements, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses. - Differentiate between formal and informal sources of credit.
Top CBSE X Questions
- Read the following source carefully and answer the questions that follow:
Print Comes to India
From 1780, James Augustus Hickey began to edit the Bengal Gazette, a weekly maga zine that described itself as ‘a commercial paper open to all, but influenced by none’. So it was private English enterprise, proud of its independence from colonial influence, that began English printing in India. Hickey published a lot of advertisements, including those that related to the import and sale of slaves. But he also published a lot of gossip about the Company’s senior officials in India. Enraged by this, Governor-General War ren Hastings persecuted Hickey, and encouraged the publication of officially sanctioned newspapers that could counter the flow of information that damaged the image of the colonial government. By the close of the eighteenth century, a number of newspapers and journals appeared in print. There were Indians, too, who began to publish Indian news papers. The first to appear was the weekly Bengal Gazette, brought out by Gangadhar Bhattacharya, who was close to Raja Rammohan Roy. - Read the following source carefully and answer the questions that follow:
Loans from Cooperatives
Besides banks, the other major source of cheap credit in rural areas are the cooperative societies (or cooperatives). Members of a cooperative pool their resources for coopera tion in certain areas. There are several types of cooperatives possible such as farmers cooperatives, weavers cooperatives, industrial workers cooperatives, etc. Krishak Coop erative functions in a village not very far away from Sonpur. It has 2300 farmers as members. It accepts deposits from its members. With these deposits as collateral, the Cooperative has obtained a large loan from the bank. These funds are used to provide loans to members. Once these loans are repaid, another round of lending can take place. Krishak Cooperative provides loans for the purchase of agricultural implements, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses. - More than three million carbon compounds have been discovered in the field of chemistry. The diversity of these compounds is due to the capacity of carbon atoms for bonding with one another as well as with other atoms. Most of the carbon compounds are poor conductors of electricity and have low melting and boiling points.
- Human digestive system is a tube running from mouth to anus. Its main function is to breakdown complex molecules present in the food which cannot be absorbed as such into smaller molecules. These molecules are absorbed across the walls of the tube and the absorbed food reaches each and every cell of the body where it is utilised for obtaining energy.
- A student has three convex lenses A, B, and C of different focal lengths. He wants to observe the images formed by these lenses on a screen by placing a candle flame at different distances as given in the following table:
Case No. Lens Focal Length Object Distance 1 \(A\) 50 cm 25 cm 2 B 20 cm 60 cm 3 C 15 cm 30 cm
View More Questions