The establishment year and the broad mandate of NABARD are key aspects to remember. It's important to recognize that its role is not solely limited to agriculture credit.
Consider the following statements about NABARD : 1. NABARD was set up by an Act of Parliament in 1982. 2. It facilitates credit for agriculture only. Of these :
Asked in RO ARO pre 2016 · Topic: Money & Banking (Cooperative Banks and Development Financial Institutions (DFIs))
More Economic Development questions
- When was NABARD setup in India ?
- The Reserve Bank of India has recently revised the 'Supervisory action framework' of which category of banks?
- Consider the following statements: A rupee Vostro account is an account that an Indian bank holds for a foreign bank in the domestic currency (rupee) to enable domestic banks to provide international banking services. Insurance density, i.e., average insurance premium per capita does not fully capture the financing gap in the event of a premature death because most of the insurance products sold in India are savings-linked with a small component of protection. Which of the statements given above is/are correct ?
- What is the maximum deposit amount per annum under Sukanya Samriddhi Account ?
- Which committee has been constituted by the Government of India to boost cashless transaction ?
- Its recommendations included promoting digital payments and financial inclusion, which are crucial for boosting cashless transactions. 179. How much loan amount will be granted by bank under “Pradhan Mantri Mudra Yojana” for industry, business and service under “Kishor enterprise” ?
- What is the maximum limit of loan at present, provided under the Prime Minister Mudra Yojana ?
- According to Statista, what is India's rank in the number of fintech unicorns worldwide?