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Multiple choice 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

Headquarters of NABARD is located at _______.

  1. Kolkata

  2. Mumbai

  3. Delhi

  4. Chennai
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with regional offices all over India.The Bank has been entrusted with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India".

Multiple choice 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

Identify the fund set up by SIDBI with a vision to promote and accelerate equity and equity-linked investments in start-ups and MSMEs.

  1. India Aspiration Fund

  2. Aspire Fund

  3. SIDBI Start-Up Mitra

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
India Aspiration Fund
India Aspiration Fund set up SIDBI with the support of RBI pursuant to a budget announcement is an INR2000 crore fund introduced by SIDBI with a vision to promote and accelerate equity and equity linked investments in Start-ups and MSMEs. IAF contributes to the corpus of SEBI registered Alternative Investment Funds (AIFs), with sector agnostic investments specifically involving MSMEs as key strategic investment sectors.
Multiple choice 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

Biofertilisers and biopesticides production Units can benefit from the _______ scheme. 

  1. Dairy Entrepreneurship Development Scheme

  2. Agricultural and Marketing Infrastructure, Grading and Standardization

  3. Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs

  4. Agriclinic and Agribusiness Centres Scheme
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
CAPITAL INVESTMENT SUBSIDY SCHEME FOR COMMERCIAL PRODUCTION UNITS FOR ORGANIC/ BIOLOGICAL INPUTS
The increasing and indiscriminate use of synthetic fertilizers and pesticides and deteriorating soil health and productivity is concerning people all over the world. Growing awareness for safe and healthy food has underlined the importance of organic farming, which is a holistic system based on the basic principle of minimizing the use of external inputs and avoiding the use of synthetic fertilizers and pesticides. 
Multiple choice 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

NABARD acts as a coordinator in the operation of rural credit institutions.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

True

NABARD was set up as an apex Development Bank with a mandate for facilitating
credit flow to agriculture, small-scale industries, cottage and village industries,
handicrafts and other rural crafts. It also plays a vital role in supporting all other
allied economic activities in rural areas. Its operations include :
• Providing refinance to lending institutions in rural areas
• Promoting institutional development
• Evaluating, monitoring and inspecting the client banks
• Acts as a coordinator in the operations of rural credit institutions
• Extends assistance to the government, the Reserve Bank of India and other
organizations in matters relating to rural development
• Offers training and research facilities for banks, cooperatives and
organizations working in the field of rural development
• Helps the state governments in reaching their targets of providing assistance
to eligible institutions in agriculture and rural development
• Acts as regulator for cooperative banks and RRBs 

Multiple choice 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

Which of the following is/are the role of NABARD?

  1. Providing re-finance to leading institutions in the rural area

  2. Bringing about institutional developments

  3. Monitoring and inspecting client banks

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

1. It is an apex institution which has power to deal with all matters concerning policy, planning as well as operations in giving credit for agriculture and other economic activities in the rural areas.

2. It is a refinancing agency for those institutions that provide investment and production credit for promoting the several developmental programs for rural development.

3. It is improving the absorptive capacity of the credit delivery system in India, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, and training of personnel.

4. It co-ordinates the rural credit financing activities of all sorts of institutions engaged in developmental work at the field level while maintaining liaison with Government of India, and State Governments, and also RBI and other national level institutions that are concerned with policy formulation.

5. It prepares rural credit plans, annually, for all districts in the country.

6. It also promotes research in rural banking, and the field of agriculture and rural development.
Multiple choice 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

NABARD was established by an Act of Parliament.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

True

NABARD was established on the recommendations of B.Sivaraman Committee, (by Act 61, 1981 of Parliament) on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department  and Rural Planning and Credit Cell of Reserve Bank of India, and Agricultural Refinance and Development Corporation. It is one of the premier agencies providing developmental credit in rural areas. NABARD is India's specialised bank for Agriculture and Rural Development in India.

Multiple choice 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

Promotion of employment-oriented industries is one of the objectives of SIDBI.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

True

In the setting up of SIDBI, the main purpose of the government was to ensure larger flow of assistance to the small-scale units. To meet this objective, the immediate thrust of the SIDBI was on the following measures:

(i) initiating steps for technological upgradation and modernisation of existing units;

(ii) expanding the channels for marketing the products of the small scale sector; and

(iii) promotion of employment-oriented industries, especially in semi- urban areas to create more employ­ment opportunities and thereby checking migration of population to urban areas.

Multiple choice 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

The _____________ scheme of NABARD that lets the farmers sell their produce at a fair price by retaining their farm produce till the market prices become favorable.

  1. Dairy Entrepreneurship Development Scheme

  2. Solar Schemes

  3. Agricultural and Marketing Infrastructure, Grading and Standardization

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

The Rural Godowns scheme of NABARD that lets the farmers sell their produce at a fair price by retaining their farm produce till the market prices become favorable

The main objectives of the scheme include creation of scientific storage capacity with allied facilities in rural areas to meet the requirements of farmers for storing farm produce, processed farm produce, consumer articles and agricultural inputs; promotion of grading, standardization and quality control of agricultural produce to improve their marketability; prevention of distress sale immediately after harvest, promotion of pledge financing and marketing credit and to strengthen agricultural marketing infrastructure in the country for the introduction of a national system of warehouse receipts in respect of agricultural commodities stored in such godowns. However, the materials used and design of the godown would depend upon the produce proposed to be stored.