Tag: credit and banking in rural areas

Quizzes (0) Questions (29)

Questions Related to credit and banking in rural areas

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.

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

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
  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. $(a) - (iii), (b) - (iv), (c) - (i), (d) - (ii)$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Matching the schemes to their objectives: Rural Industries Programme (iii) focuses on local resources; Mahila Vikas Nidhi (iv) supports women through voluntary organizations; Entrepreneurship Development (i) targets specific groups like youth and women; Micro Credit (ii) ensures credit flow to disadvantaged sections.

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

NABARD was established on the recommendation of ___________.

  1. Public Account Committee

  2. Shivaraman Committee

  3. Narshimhan Committee

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
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.