Question : Financial institutions other than banks can be crucial in assisting individuals, small firms, and farmers who want to enter the home market. These financial firms can assist in providing credit and investments to persons who are typically not helped by traditional banks, giving them an opportunity to improve their lives. Rural property is supported and encouraged through a variety of ways that do not just rely on agricultural channels. In India, one such financial organization is?
Option 1: State Bank of India
Option 2: National Bank for Agriculture and Rural Development
Option 3: NITI Ayog
Option 4: NGOs
Correct Answer: National Bank for Agriculture and Rural Development
Solution : An apex regulatory agency for the overall regulation of regional rural banks and apex cooperative banks in India is the National Bank for Agriculture and Rural Development. It is governed by the Ministry of Finance of the Indian Government. Under this rural property is supported and encouraged through a variety of ways that do not just rely on agricultural channels. Hence option b is the correct answer.
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Question : ___________ is a financial institution that provides long-term credit for agriculture and rural development.
Option 1: Agricultural Finance Corporation
Option 2: Rural Development Bank
Option 3: Small Industries Development Bank of India (SIDBI)
Option 4: National Bank for Agriculture and Rural Development (NABARD)
Question : Which of the following institutions is responsible for regulating and supervising the functioning of regional rural banks in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Securities and Exchange Board of India (SEBI)
Option 3: National Bank for Agriculture and Rural Development (NABARD)
Option 4: None of the above
Question : Which institution in India provides short-term credit to farmers for agricultural activities?
Option 1: National Bank for Agriculture and Rural Development (NABARD)
Option 2: State Bank of India (SBI)
Option 4: Regional Rural Banks (RRBs)
Question : As per the merger of public sector banks, effective from 1 April 2020, which of the following banks was merged with the Union Bank of India?
Option 1: Syndicate Bank
Option 2: Allahabad Bank
Option 3: Corporation Bank
Option 4: United Bank of India
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