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Prelims Practice Questions 11-08-2018
1. Consider the following statements about Interest Subvention Scheme
- The key objective of this scheme is to increase credit availabiliy for farmers who cultivate short- term crops at a subsidised rate of interest
- The maximum loan amount that can be availed is two lakhs per farmer
- It is implemented by Department of Finance
Which of the given statement(s) is/ are true?
- a.
- b.
- c.
- d.
Answer : b
The maximum loan amount is three lakh. The interest rate is 7 per cent. It is implemented by NABARD and RBI.
2. Consider the following statements about Operation Madad
- It was launched by the Southern Naval Command for undertaking disaster relief operations during floods and landslides
- It was launched in the state of Karnataka
Which of the statement(s) is/ are true?
- a.
- b.
- c.
- d.