Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

NABARD came into existence in ____.

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. 1975

  2. 1980

  3. 1982

  4. 1985

Show answer
Correct Option: C
Explanation:

NABARD was established to implement the National Bank for Agriculture and Rural Development Act, 1981. It is an apex development financial institution of India. Its headquarter is located in Mumbai, with branches all over the country.

NABARD was established by the Government of ________.

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. U.S.A.

  2. Sri Lanka

  3. Pakistan

  4. India

Show answer
Correct Option: D
Explanation:

NABARD is the apex development and financial institution of India. It was established by government of India for development of agriculture and rural development in rural parts of India.

The functions of NABARD have been divided into _______.

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. 2 categories

  2. 3 categories

  3. 4 categories

  4. 5 categories

Show answer
Correct Option: B
Explanation:

The functions of NABARD has been divides into 3 categories namely- Distribution, development and regulatory. It is entrusted with matters of concerning policy, planning and operations in the field of credit for agriculture and other economic activities for rural development. 

Which of the following is a developmental functions of NABARD?

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. It inspects the working of RRBs and Cooperative banks of all types

  2. It provides long-term credit to State Land Development Banks

  3. It provides short term credit to state cooperative banks, RRB's and other financial institutions

  4. It acts as an agent of Government and RBI for monitoring work in agricultural related areas

Show answer
Correct Option: D
Explanation:

NABARD has taken over the refinancing from the RBI with respect of state cooperative banks and regional rural banks. It is an apex organisation with respect to all the rural developmental activities. Hence, it plays as an agent of government and RBI by refinancing and giving agricultural credit. 

Small Industries Development Bank of India is created by _______.

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. RBI

  2. IDBI

  3. IFCI

  4. IBRD

Show answer
Correct Option: B
Explanation:

SIDBI was established in 1990 to cater to the financial needs and growth and development of micro, small and medium scale enterprises. It is an important pillar of Indian economy as it contributes greatly to the growth of the same.

NABARD provides refinance for investment in the following activities.
I. Minor irrigation
II. Land development
III. Soil Conservation
IV. Dairy development
Which of the following are correct?

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. I, II and III are correct

  2. II, III and IV are correct

  3. I, II and IV are correct

  4. All are correct

Show answer
Correct Option: D
Explanation:

All the mentioned activities contribute to the economical and agricultural development of rural areas. This helps the rural community to earn their livelihood leading to greater standard of living. NABARD provides refinance for the investment in such activities. 

Khusro Committee is associated with _______.

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. RRBs

  2. RBI

  3. NABARD

  4. SBI

Show answer
Correct Option: C
Explanation:

Khusro Committee is also known as Agricultural Review Committee which was established in 1989. The function of Khusro committee under the chairmanship of Prof. A.M. Khusro was to examine the problems of agricultural and rural credits, measure the structural and operational deficiencies and recommend major systematic improvements.

The SIDBI has set up a technology bureau for SSI units in ________.

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. Kolkatta

  2. New Delhi

  3. Mumbai

  4. Chennai

Show answer
Correct Option: B
Explanation:

The SIDBI has set up a technology bureau for SSI units in New Delhi.

The Technology Bureau for Small Enterprises (TBSE) provides a platform where small enterprises can tap opportunities at the global level for acquisition of technology or establish business collaboration. Resulting from the joint initiative of the United Nations' Asian and Pacific Centre for Transfer of Technology (APCTT) and Small Industries Development Bank of India (SIDBI) it represents, under one roof, synergy of technology and finance.
TBSE also receives partial funding from the Office of DC(SSI), Government of India.

The principal financial institution for the promotion, financing and development of small scale industries is ________.

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. SIDBI

  2. SFCs

  3. EXIM Bank

  4. IRBI

Show answer
Correct Option: A
Explanation:

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that were administered by IDBI before.  SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

NABARD has taken over the entire functions of________.

organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

  1. ARDC

  2. ACD of RBI

  3. RPCD of RBI

  4. All of the above

Show answer
Correct Option: A
Explanation:
Reserve Bank of India (RBI) set up the Agricultural Refinance Corporation (ARC) in 1963 to work as a refinancing agency in providing medium term and long term agricultural credit to support investment credit needs for agricultural development. In 1975, ARC was renamed as Agriculture Refinance and Development Corporation (ARDC) to give focussed attention to credit offtake, development and promotion of the agricultural sector.
 Upon its formation in 1982, NABARD took over the functions of the erstwhile Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of RBI and ARDC.