Money and Banking (part – II)

Total Questions: 268

191. Consumer Cooperative Stores are set up by : [U.P.R.O./A.R.O. (Pre) 2016]

Correct Answer: (a) by the members
Note:

Consumer Cooperative Stores are set up by the members, while they are registered by the Registrar of Cooperative societies.

192. Which one of the following is not a source of direct finance ? [B.P.C.S. (Pre) 2019]

Correct Answer: (e) More than one of the above
Note:

All of the above given institutions are sources of direct finance. NABARD does not provide direct finance to individuals, but it provides direct finance to food parks, warehouses, cold chains and storages, marketing federations etc. while RRBs, SBI and Allahabad Bank provide direct finance to individuals as well as industries and other sectors.

193. During which Plan Period was the National Bank for Agriculture and Rural Development (NABARD) established ? [B.P.C.S. (Pre) 2005]

Correct Answer: (c) Sixth Five Year Plan
Note:

NABARD (National Bank for Agriculture and Rural Development) was established during the Sixth Five Year Plan in July, 1982. Its headquarter is located in Mumbai. It is the apex institution for providing agricultural refinance in India. NABARD promotes sustainable and equitable agriculture and rural development through participative financial and non- financial interventions, innovations, technology and institutional development for securing and fostering rural prosperity. It provides refinance to Scheduled Commercial Banks, Regional Rural Banks and State Land Development Banks etc. for agriculture and rural development.

194. The apex bank for providing agricultural refinance in India is : [B.P.C.S. (Pre) 2017]

Correct Answer: (b) NABARD
Note:

NABARD (National Bank for Agriculture and Rural Development) was established during the Sixth Five Year Plan in July, 1982. Its headquarter is located in Mumbai. It is the apex institution for providing agricultural refinance in India. NABARD promotes sustainable and equitable agriculture and rural development through participative financial and non- financial interventions, innovations, technology and institutional development for securing and fostering rural prosperity. It provides refinance to Scheduled Commercial Banks, Regional Rural Banks and State Land Development Banks etc. for agriculture and rural development.

195. The apex bank for providing agricultural refinance in India is : [Uttarakhand P.C.S (Pre) 2016]

Correct Answer: (b) NABARD
Note:

NABARD (National Bank for Agriculture and Rural Development) was established during the Sixth Five Year Plan in July, 1982. Its headquarter is located in Mumbai. It is the apex institution for providing agricultural refinance in India. NABARD promotes sustainable and equitable agriculture and rural development through participative financial and non- financial interventions, innovations, technology and institutional development for securing and fostering rural prosperity. It provides refinance to Scheduled Commercial Banks, Regional Rural Banks and State Land Development Banks etc. for agriculture and rural development.

196. The 'National Bank for Agriculture and Rural Development' was set up in the year : [U.P.P.C.S. (Mains) 2003, M.P.P.C.S. (Pre) 2006]

Correct Answer: (b) 1982
Note:

NABARD (National Bank for Agriculture and Rural Development) was established during the Sixth Five Year Plan in July, 1982. Its headquarter is located in Mumbai. It is the apex institution for providing agricultural refinance in India. NABARD promotes sustainable and equitable agriculture and rural development through participative financial and non- financial interventions, innovations, technology and institutional development for securing and fostering rural prosperity. It provides refinance to Scheduled Commercial Banks, Regional Rural Banks and State Land Development Banks etc. for agriculture and rural development.

197. NABARD came into existence in the year : [U.P.P.C.S. (Mains) 2014]

Correct Answer: (d) 1982
Note:

NABARD (National Bank for Agriculture and Rural Development) was established during the Sixth Five Year Plan in July, 1982. Its headquarter is located in Mumbai. It is the apex institution for providing agricultural refinance in India. NABARD promotes sustainable and equitable agriculture and rural development through participative financial and non- financial interventions, innovations, technology and institutional development for securing and fostering rural prosperity. It provides refinance to Scheduled Commercial Banks, Regional Rural Banks and State Land Development Banks etc. for agriculture and rural development.

198. Which of the following is the Headquarter of NABARD ? [Uttarakhand U.D.A./L.D.A. (mains) 2007]

Correct Answer: (c) Mumbai
Note:

NABARD (National Bank for Agriculture and Rural Development) was established during the Sixth Five Year Plan in July, 1982. Its headquarter is located in Mumbai. It is the apex institution for providing agricultural refinance in India. NABARD promotes sustainable and equitable agriculture and rural development through participative financial and non- financial interventions, innovations, technology and institutional development for securing and fostering rural prosperity. It provides refinance to Scheduled Commercial Banks, Regional Rural Banks and State Land Development Banks etc. for agriculture and rural development.

199. Only organization to cater to all types of credit requirements of agriculture and rural development activities, is : [R.A.S./R.T.S. (Pre) 1994]

Correct Answer: (b) NABARD
Note:

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.

200. Consider the following statements with reference to NABARD : [U.P.R.O/A.R.O (Pre) 2016]

1. NABARD was established in 1982 by the act of Parliament.

2. It provide facility of credit only for the agriculture.

Among these -

Correct Answer: (a) Only 1 is correct
Note:

National Bank for Agriculture and Rural Development (NABARD) is the apex institution to provide finance for agriculture and rural development. It was established on 12 July, 1982 through Act 61 of 1981 of the Parliament. Its headquarters is located in Mumbai. NABARD as the apex institution provides refinance assistance to different financial institutions (like State Co-operative Banks, State Land Development Banks, Regional Rural Banks etc. ) for promoting agriculture and rural development activities.