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Questions and Answers
What is the relationship between finance and financial systems in the context of rural finance?
What is the relationship between finance and financial systems in the context of rural finance?
- Finance and financial systems are highly related concepts, with the latter being crucial for managing acquired finance (correct)
- Acquisition of finance is sufficient for business objectives, regardless of financial systems
- Financial systems are only relevant for large-scale farming businesses
- Finance and financial systems are mutually exclusive concepts
What is the primary goal of rural finance in terms of financial services?
What is the primary goal of rural finance in terms of financial services?
- To focus solely on financing agricultural-related activities
- To provide only credit and insurance services to rural individuals and households
- To cater only to small-scale farmers and modern farming businesses
- To provide a range of financial services, including savings, credit, payments, and insurance, on a sustainable basis (correct)
What has contributed to the increase in agricultural production, according to the text?
What has contributed to the increase in agricultural production, according to the text?
- Technological revolution, including mechanization and improved varieties (correct)
- Improvement in financial services for rural individuals and households
- Increased focus on microfinance for poor and low-income people
- Development of new financial institutions and markets
What is the primary focus of agricultural finance, as a subset of rural finance?
What is the primary focus of agricultural finance, as a subset of rural finance?
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What is the definition of finance in the context of rural finance?
What is the definition of finance in the context of rural finance?
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What is a key financial challenge in rural finance?
What is a key financial challenge in rural finance?
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What is one of the key functions of financial systems?
What is one of the key functions of financial systems?
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What is a cultural challenge in rural finance?
What is a cultural challenge in rural finance?
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What is a weather challenge in rural finance?
What is a weather challenge in rural finance?
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Why must rural credit markets be liberalized?
Why must rural credit markets be liberalized?
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