SSC Economics Sample Paper NCERT Sample Paper-5

  • question_answer
    Which of the following statements is incorrect about Kisan Credit Card (KCC)?

    A)  The scheme was introduced in 1998

    B)  The scheme includes reasonable component of consumption credit within the overall credit limit

    C)  The NABARD has extended the use of KCC to cover long term loan for allied activities

    D)  None of these

    Correct Answer: D

    Solution :

    [d] A Kisan Credit Card is a credit card to provide affordable credit for farmers in India. It was started by the Government of India, Reserve Bank of India (RBI), and National Bank for Agriculture and Rural Development (NABARD) in 1998-99 to help farmers access timely and adequate credit.

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