NABARD Policies Quiz

Questions and Answers

What percentage of NABARD's workforce is represented by women, based on the provided information?

25%

Describe the primary goal of NABARD in terms of employment opportunities for its staff.

To provide equal and equitable opportunities for career progression.

What types of learning programs are offered by NABARD's training institutes to enhance staff competencies?

Blended-learning programs, case studies, and exposure visits.

How many training programs did the National Bank Staff College conduct during FY2024?

110 programs. Signup and view all the answers

Identify the training institutes mentioned that contribute to NABARD's staff development.

National Bank Staff College (NBSC) and Bankers Institutes of Rural Development (BIRD). Signup and view all the answers

What was the total number of inspections conducted by NABARD in FY2024?

52 inspections. Signup and view all the answers

What specific credit audit was completed by NABARD for high-value loans?

Credit audit of all loan accounts sanctioned above ₹100 crore. Signup and view all the answers

What is the purpose of the Risk-Based Internal Inspection and Audit (RBIIA) initiative?

To create a risk profile database of all ROs and HO and enhance the internal inspection process. Signup and view all the answers

How many pilot projects of RBIIA software were conducted, and in which states?

Two pilot projects in Gujarat and Maharashtra. Signup and view all the answers

Who heads the vigilance administration in NABARD?

The Chief Vigilance Officer (CVO). Signup and view all the answers

What are some goals of NABARD's vigilance administration?

To promote clean business transactions, professionalism, productivity, and ethical practices. Signup and view all the answers

What feedback mechanism was established to reduce human error in audits?

Feedback from capacity building programmes for the Concurrent Audit Cell. Signup and view all the answers

What role does the CVO play in NABARD's management?

The CVO assists in formulating, implementing, and reviewing vigilance-related policy matters. Signup and view all the answers

What was the primary focus of the Third Sub-Committee of Parliament on Official Language during their inspections?

The primary focus was on the inspection of official language use in central government offices across various cities. Signup and view all the answers

How many parliamentary questions did NABARD respond to during FY2024?

NABARD responded to 196 parliamentary questions. Signup and view all the answers

Which legislative acts guide the promotion of Rajbhasha within NABARD?

The Official Languages Act, 1963 and the Official Languages Rules, 1976. Signup and view all the answers

What measures did NABARD implement to enhance Hindi usage among its staff?

NABARD conducted Parangat classes and Hindi workshops for capacity building. Signup and view all the answers

What architectural style do RESTful APIs use for data access?

RESTful APIs use HTTP requests for data access. Signup and view all the answers

What type of training was provided to NABARD staff regarding office documentation in Hindi?

Staff received training in preparing office notes, drafts, and using IT tools in Hindi. Signup and view all the answers

Which new policy related to environmental considerations was introduced by NABARD?

The Policy framework for Green Taxonomy of NABARD. Signup and view all the answers

What was regularly reviewed in the quarterly meetings of the Official Languages Implementation Committees?

The achievements in the progressive use of Hindi were reviewed. Signup and view all the answers

What mechanism does NABARD have for monitoring compliance?

NABARD has a Compliance Monitoring Mechanism. Signup and view all the answers

What organizations’ activities related to official language inspection were mentioned?

The inspections involved central government offices and the National Bank Staff College. Signup and view all the answers

Which policy addresses the management of cyber threats within NABARD?

The Cyber Security Policy. Signup and view all the answers

What is the significance of the Annual Programme 2023–24 issued by the GOI for NABARD?

It stipulated targets for the use of Hindi in NABARD’s operations. Signup and view all the answers

What is the focus of the Know-Your-Customer Policy implemented by NABARD?

The Know-Your-Customer Policy focuses on verifying the identity of customers. Signup and view all the answers

What is one policy aimed at ensuring the security of confidential data within NABARD?

The Information Security Policy. Signup and view all the answers

What does the 'Operational Risk Management Policy' aim to address?

It aims to identify, assess, and mitigate operational risks. Signup and view all the answers

Which policy is designed to handle the issue of loans that are not being repaid?

The Stressed Assets Management Policy. Signup and view all the answers

What is the main purpose of NABARD’s Centralised Loan Management and Accounting System (CLMAS)?

The main purpose of CLMAS is to ensure end-to-end life cycle management of loans and grants products from origination to disbursement, accounting, and servicing. Signup and view all the answers

How quickly did NABARD issue communications through DIGI-DAK after launching CLMAS?

Over 5,000 communications were issued through DIGI-DAK in just 3 months after the launch of CLMAS. Signup and view all the answers

What significant upgrade was made to the tech-stack of CLMAS in FY2024?

The entire tech-stack of CLMAS was successfully upgraded to enhance its functionality. Signup and view all the answers

What are the functionalities provided by NABARD's enterprise content management (ECM) solution?

NABARD's ECM solution streamlines case creation, facilitates online decision-making, and expedites approval processes. Signup and view all the answers

What platform was launched in July 2023 to support the ECM processes?

An ECM mobile app for Android and iOS was launched in July 2023. Signup and view all the answers

What module has been developed to enhance NABARD's digital transformation efforts?

A module to digitise service files has been developed to enhance digital transformation. Signup and view all the answers

What benefit does the ECM solution provide regarding online decision-making?

The ECM solution facilitates timely online decision-making, enhancing operational efficiency. Signup and view all the answers

In what way does CLMAS assist with financial reporting?

CLMAS facilitates the generation of balance sheets and profit/loss accounts. Signup and view all the answers

Study Notes

Employee Promotions and Workforce Diversity

26 Group 'B' employees promoted to Assistant Managers in Rural Development Banking Service.
24 Group 'C' staff promoted as Assistant Care Takers.
NABARD has 776 women on its rolls, constituting nearly 25% of its workforce.
The organization promotes equal opportunities for career advancement among all staff.

Competency Development Initiatives

NABARD offers extensive opportunities for staff enhancement, including upskilling and reskilling.
Training is provided through institutions like the National Bank Staff College (NBSC) and the Bankers Institutes of Rural Development (BIRD) across various locations.
110 programs conducted by NBSC in FY2024, attended by 2,725 staff members, covering a variety of themes.
Blended-learning approaches are used, integrating e-learning, case studies, and exposure visits for comprehensive training.

Internal Inspection Procedures

Conducted 52 regular inspections across 26 Regional Offices (ROs), 17 Head Office (HO) departments, 2 Training Establishments (TEs), and 7 subsidiaries in FY2024.
Credit audits completed for all loans exceeding ₹100 crore.
Capacity-building initiatives for the Concurrent Audit Cell implemented to minimize errors.
Risk-Based Internal Inspection and Audit (RBIIA) introduced to enhance inspection rigor, creating a risk profile database for effective monitoring.

Vigilance Administration

Vigilance structures support ethical practices, professionalism, and productivity within NABARD.
Headed by a Chief Vigilance Officer (CVO), appointed by the Government of India in consultation with the Central Vigilance Commission (CVC).
The CVO collaborates with NABARD management to set and review vigilance policies.

Technological Advancements

Centralised Loan Management and Accounting System (CLMAS) launched, managing the life cycle of loans and grants.
Upgraded CLMAS tech-stack in FY2024, facilitating improved operational efficiency.
Enterprise Content Management (ECM) system aids case management and online decision-making, featuring a mobile app launched in July 2023 for case processing on-the-go.

Language and Communication Policies

NABARD complies with the Official Languages Act, 1963, promoting the use of Hindi in operations during FY2024.
Training provided to staff in drafting documents and using technology tools in Hindi.
Regular reviews of Hindi usage achievements conducted in quarterly meetings of the Official Languages Implementation Committees.

Key Policies of NABARD

Gender Policy, Cyber Security Policy, and various compliance and risk management policies established.
Focus on environmental considerations through the Environment & Social Policy and Green Taxonomy Policy.
Whistle-Blower Policy and Staff Accountability Policy to ensure transparent and accountable governance.

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Description

Test your knowledge on the major policies of NABARD as of March 31, 2024. This quiz covers various aspects including environmental, gender, and IT policies, as well as new frameworks like Green Taxonomy. Challenge yourself to see how well you understand NABARD's guidelines and frameworks.

NABARD Policies Quiz - March 2024