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Your results are here!! for" SCHEME FOR FINANCING VEHICLE FOR FARMERS/ AGRICULTURISTS "
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Question 1 of 10
1. Question
What is the main purpose of the Scheme for Financing Vehicle for Farmers/Agriculturists?
Correct
The scheme finances new four-wheelers, three-wheelers (carriers) and two-wheelers for managing farming activities, farm-related marketing and transporting agricultural inputs, produce and labour.
Incorrect
The scheme finances new four-wheelers, three-wheelers (carriers) and two-wheelers for managing farming activities, farm-related marketing and transporting agricultural inputs, produce and labour.
Unattempted
The scheme finances new four-wheelers, three-wheelers (carriers) and two-wheelers for managing farming activities, farm-related marketing and transporting agricultural inputs, produce and labour.
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Question 2 of 10
2. Question
Which costs are included in the loan amount under the scheme?
Correct
The loan amount comprises the vehicle invoice price, one-time insurance cost and one-time registration cost.
Incorrect
The loan amount comprises the vehicle invoice price, one-time insurance cost and one-time registration cost.
Unattempted
The loan amount comprises the vehicle invoice price, one-time insurance cost and one-time registration cost.
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Question 3 of 10
3. Question
Are the costs of accessories included in the loan amount?
Correct
The scheme specifically states that the cost of accessories is not to be included in the loan amount.
Incorrect
The scheme specifically states that the cost of accessories is not to be included in the loan amount.
Unattempted
The scheme specifically states that the cost of accessories is not to be included in the loan amount.
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Question 4 of 10
4. Question
What is required for an individual to be eligible for a two-wheeler under the scheme?
Correct
For a two-wheeler, the individual should be engaged in direct agriculture and/or allied agriculture activity.
Incorrect
For a two-wheeler, the individual should be engaged in direct agriculture and/or allied agriculture activity.
Unattempted
For a two-wheeler, the individual should be engaged in direct agriculture and/or allied agriculture activity.
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Question 5 of 10
5. Question
What minimum agricultural land holding is generally required for three-wheeler carriers and four-wheelers (LMVs)?
Correct
Agriculturists should own and cultivate more than 1 acre of agricultural land in their name(s), along with two years of satisfactory dealing with the bank.
Incorrect
Agriculturists should own and cultivate more than 1 acre of agricultural land in their name(s), along with two years of satisfactory dealing with the bank.
Unattempted
Agriculturists should own and cultivate more than 1 acre of agricultural land in their name(s), along with two years of satisfactory dealing with the bank.
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Question 6 of 10
6. Question
For agriculturists engaged in dairy, poultry, plantation crops or horticulture, what replaces the minimum land holding requirement for 3- and 4-wheelers?
Correct
For these allied activities, the minimum land holding requirement does not apply; instead, minimum gross annual income of Rs. 2.50 lakh is required.
Incorrect
For these allied activities, the minimum land holding requirement does not apply; instead, minimum gross annual income of Rs. 2.50 lakh is required.
Unattempted
For these allied activities, the minimum land holding requirement does not apply; instead, minimum gross annual income of Rs. 2.50 lakh is required.
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Question 7 of 10
7. Question
What is the maximum loan amount for scooters, motorcycles and similar two-wheelers?
Correct
The maximum loan for scooters, motorcycles and similar two-wheelers is Rs. 1,00,000, subject to repayment capacity.
Incorrect
The maximum loan for scooters, motorcycles and similar two-wheelers is Rs. 1,00,000, subject to repayment capacity.
Unattempted
The maximum loan for scooters, motorcycles and similar two-wheelers is Rs. 1,00,000, subject to repayment capacity.
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Question 8 of 10
8. Question
What is the maximum loan amount for three-wheeler carriers?
Correct
The maximum need-based loan for three-wheeler carriers is Rs. 3.00 lakh, subject to repayment capacity.
Incorrect
The maximum need-based loan for three-wheeler carriers is Rs. 3.00 lakh, subject to repayment capacity.
Unattempted
The maximum need-based loan for three-wheeler carriers is Rs. 3.00 lakh, subject to repayment capacity.
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Question 9 of 10
9. Question
What is the maximum loan amount for four-wheelers (LMVs)?
Correct
The maximum need-based loan for four-wheelers (LMVs) is Rs. 15.00 lakh, subject to repayment capacity.
Incorrect
The maximum need-based loan for four-wheelers (LMVs) is Rs. 15.00 lakh, subject to repayment capacity.
Unattempted
The maximum need-based loan for four-wheelers (LMVs) is Rs. 15.00 lakh, subject to repayment capacity.
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Question 10 of 10
10. Question
What is the maximum repayment period for a new four-wheeler vehicle under the scheme?
Correct
The maximum repayment period for a new four-wheeler vehicle is 84 months.
Incorrect
The maximum repayment period for a new four-wheeler vehicle is 84 months.
Unattempted
The maximum repayment period for a new four-wheeler vehicle is 84 months.