Tag: credit and banking in rural areas

Questions Related to credit and banking in rural areas

Which of the following is one of the major activities of the National Bank for Agriculture and Rural Development (NABARD)?

social science rural development in india credit and banking in rural areas rural activities credit

  1. On-site inspection of Cooperative Banks and Regional Rural Banks (RRBs)

  2. Helping Govt of India in preparing Union Budget and presenting it in the cabinet meeting

  3. Acting as custodian of the foreign exchange reserves of the country

  4. Deciding rate of interest on Savings Bank Accounts in Public Sector Banks

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Correct Option: A

The YH Malegam Committee, which submitted its report in 2011, was set up to report on further improvement of functioning of __________.

social science rural development in india credit and banking in rural areas rural activities credit

  1. micro finance institutions

  2. stock exchanges in India

  3. cooperative banks

  4. regional rural banks

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Correct Option: A
Explanation:

In view of the developments in the microfinance sector,  the Reserve Bank of India (RBI)  in October, 2010 constituted a sub-committee under Shri Y.H. Malegam, member of the Central Board of Directors of RBI, to study issues and concerns of the Micro Finance Sector.

NABARD is a __________.

social science rural development in india credit and banking in rural areas rural activities credit

  1. subsidiary of the RBI.

  2. co-operative bank

  3. private bank

  4. autonomous public sector institution

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Correct Option: D

_________ is the apex bank for agriculture credit.

social science rural development in india credit and banking in rural areas rural activities credit

  1. RBI

  2. SIDBI

  3. NABARD

  4. ICICI

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Correct Option: C

NABARD has been set up in __________.

social science rural development in india credit and banking in rural areas rural activities credit

  1. 1982

  2. 1984

  3. 1985

  4. 1986

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Correct Option: A

NABARD is a __________.

social science rural development in india credit and banking in rural areas rural activities credit

  1. bank

  2. board

  3. block

  4. department

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Correct Option: A

Which of the following is exclusively concerned with the credit needs of all types of agriculture and rural development in India?

social science rural development in india credit and banking in rural areas rural activities credit

  1. RBI

  2. SBI

  3. IBRD

  4. NABARD

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Correct Option: D

Match the items of List-I with the items of List-II and select the correct answer using the codes given below the lists.

List-I List-II
(a) Rural Industries Programme (i) Meant for various target groups like Rural youth, Ex-serviceman, women and Scheduled Castes/ Tribes
(b) Mahila Vikas Nidhi Scheme (ii) Aim at ensuring flow of credit to the dis-advantaged sections of the society
(c) Enterpreneur-ship Development Programme (iii) Commercial exploitation of local resources
(d) Micro Credit Scheme (iv) Provides assistance to voluntary organizations for the benefit of women
social science rural development in india credit and banking in rural areas rural activities credit

  1. $(a) - (i), (b) - (iii), (c) - (ii), (d) - (iv)$

  2. $(a) - (ii), (b) - (iv), (c) - (i), (d) - (iii)$

  3. $(a) - (iv), (b) - (ii), (c) - (iii), (d) - (i)$

  4. $(a) - (iii), (b) - (iv), (c) - (i), (d) - (ii)$

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Correct Option: D

NABARD was established on the recommendation of ___________.

social science rural development in india credit and banking in rural areas rural activities credit

  1. Public Account Committee

  2. Shivaraman Committee

  3. Narshimhan Committee

  4. None of these

Show answer
Correct Option: B
Explanation:

NABARD is an apex development financial institution in India,headquarters in Mumbai.

It was established on the recommendations of B Sivaraman Committee on July 12, 1982, to implement the National Bank for Agriculture and Rural Development Act 1981.