Tag: social science

Quizzes (684) Questions (1162)

Questions Related to social science

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

What is NABARD'S primary aim?

  1. To provide term loans to state co-operative

  2. To assist state governments for share capital contribution

  3. To act as refinance institution

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NABARD is an apex development bank in India that performs multiple roles, including providing refinance to banks, assisting state governments, and providing direct loans. Since all listed options are valid functions or aims of NABARD, 'All of the above' is the correct choice.

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

Which of the following is not one of the major functions of the National Bank for Agricultural and Rural Development (NABARD)?

  1. Acting as a regulator for cooperative banks and RRBs.

  2. Extending assistance to the government and others in matters related to rural development

  3. Providing refinance to lending institutions in rural areas

  4. Review of monetary and credit policy
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NABARD is a development bank and a regulator for rural financial institutions, but it does not review the monetary and credit policy of the country. That is the primary responsibility of the Reserve Bank of India (RBI).

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

As per the news published in various newspapers, loans to MSEs by rural banks will be treated as priority sector loans. What is the full form of MSE?

  1. Multi Service Enterprises

  2. Micro Software Enterprises

  3. Micro and Small Enterprises

  4. Mutual funds and Service Entities
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the context of Indian banking and government policy, MSE stands for Micro and Small Enterprises. This term is widely used in the classification of priority sector lending.

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

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

  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
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

NABARD is responsible for the supervision and on-site inspection of Regional Rural Banks (RRBs) and Cooperative Banks to ensure their financial health. The other options describe functions belonging to the Ministry of Finance or the RBI.

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

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

  1. micro finance institutions

  2. stock exchanges in India

  3. cooperative banks

  4. regional rural banks
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

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

NABARD is a __________.

  1. subsidiary of the RBI.

  2. co-operative bank

  3. private bank

  4. autonomous public sector institution
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NABARD was established by an Act of Parliament as an autonomous institution to promote sustainable and equitable agriculture and rural development. It is not a subsidiary of the RBI, nor is it a private or cooperative bank.

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

_________ is the apex bank for agriculture credit.

  1. RBI

  2. SIDBI

  3. NABARD

  4. ICICI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

NABARD (National Bank for Agriculture and Rural Development) is the apex regulatory and development body for agriculture credit in India. While the RBI oversees the entire banking system, NABARD specifically focuses on the rural and agricultural sector.

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

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

  1. RBI

  2. SBI

  3. IBRD

  4. NABARD
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NABARD is the apex institution specifically mandated to handle the credit needs of the agricultural and rural development sectors in India. The other options are either general commercial banks or international organizations.