NABARD Quiz

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Questions and Answers

According to the National Bank for Agriculture and Rural Development Act, when was the Act amended for the first time?

  • 1985
  • 2000
  • 1988 (correct)
  • 2003

What is the main purpose of the National Bank for Agriculture and Rural Development?

  • To promote integrated rural development (correct)
  • To provide credit and facilities for agriculture only
  • To establish micro-enterprises
  • To regulate credit for rural crafts

Which of the following is NOT included in the economic activities supported by the National Bank for Agriculture and Rural Development?

  • Small enterprises
  • Medium enterprises
  • Micro-enterprises
  • Large enterprises (correct)

What year was the National Bank for Agriculture and Rural Development Act established?

<p>1981 (B)</p> Signup and view all the answers

According to the National Bank for Agriculture and Rural Development Act, what are some of the rural crafts supported by the bank?

<p>All of the above (D)</p> Signup and view all the answers

Which Act amended the National Bank for Agriculture and Rural Development Act in the year 2000?

<p>Act No. 55 of 2000 (C)</p> Signup and view all the answers

What is the full name of the development bank established by the National Bank for Agriculture and Rural Development Act?

<p>National Bank for Agriculture and Rural Development (B)</p> Signup and view all the answers

Which of the following is NOT a sector supported by the National Bank for Agriculture and Rural Development?

<p>Large enterprises (A)</p> Signup and view all the answers

What is the main objective of the National Bank for Agriculture and Rural Development?

<p>Promoting integrated rural development (C)</p> Signup and view all the answers

In which year was the National Bank for Agriculture and Rural Development Act established?

<p>1981 (D)</p> Signup and view all the answers

According to the National Bank for Agriculture and Rural Development Act, what is the purpose of establishing the bank?

<p>To promote integrated rural development and secure prosperity of rural areas (C)</p> Signup and view all the answers

Which of the following is NOT included in the economic activities supported by the National Bank for Agriculture and Rural Development?

<p>Large enterprises (C)</p> Signup and view all the answers

According to the National Bank for Agriculture and Rural Development Act, what is the main objective of the bank?

<p>To provide credit facilities for all economic activities in rural areas (A)</p> Signup and view all the answers

According to the National Bank for Agriculture and Rural Development Act, what are some of the rural crafts supported by the bank?

<p>Handicrafts industry (C)</p> Signup and view all the answers

According to the National Bank for Agriculture and Rural Development Act, when was the Act last amended?

<p>2018 (C)</p> Signup and view all the answers

Flashcards

NABARD Act Amendment (1st)

The Act was first amended in 1988.

NABARD's Main Purpose

To promote comprehensive growth in rural regions.

NABARD: Unsupported Enterprises

It focuses on small-scale industries, not big businesses.

NABARD Act: Year Established

The Act was established in 1981.

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NABARD-Supported Rural Crafts

Handicrafts are key.

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NABARD Act Amended (Year 2000)

Act No. 55 of 2000

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NABARD Full Name

National Bank for Agriculture and Rural Development.

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NABARD: Unsupported Sectors

It does not support large corporations.

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NABARD's Core Objective

To foster complete development in rural areas.

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NABARD's Aim

To foster growth and security in rural areas.

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NABARD Objective

To provide financial aid for rural economic activities.

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NABARD Act Amendment (Last)

Last amended in 2018.

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Study Notes

National Bank for Agriculture and Rural Development Act

  • The National Bank for Agriculture and Rural Development Act was established in 1981.
  • The main purpose of the National Bank for Agriculture and Rural Development is to provide credit and other facilities for the development of agriculture, rural industries, and rural crafts.
  • The bank supports various economic activities, including agriculture, rural industries, rural crafts, and other allied activities.
  • Rural crafts supported by the bank include handloom, handicrafts, and other rural crafts.
  • The main objective of the National Bank for Agriculture and Rural Development is to promote sustainable and equitable agriculture and rural development.
  • The bank was established to provide institutional credit for the development of agriculture, rural industries, and rural crafts.
  • The Act was amended for the first time in 2000, through the National Bank for Agriculture and Rural Development (Amendment) Act, 2000.
  • The full name of the development bank established by the National Bank for Agriculture and Rural Development Act is the National Bank for Agriculture and Rural Development (NABARD).

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