Banking Awareness for Upcoming Exams Set 9 (About NABARD)

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This set contains banking awareness questions for various upcoming exams like SBI PO, IBPS PO, Clerk and insurance exams. This set contains questions from the topic : NABARD

  1. What is the full form of NABARD?
    A) National Agriculture Bank for Rural Development
    B) Nationalised Agricultural Bank of Rural Development
    C) National Bank for Agriculture and Rural Development
    D) Nationalised Bank for Agriculture and Rural Development.
    View Answer
    Option C
    Explanation    : NABARD – National Bank for Agriculture and Rural Development.
  2. In which year was NABARD established?
    A) 1969
    B) 1991
    C) 1982
    D) 1990
    View Answer
    Option C
    Explanation    : NABARD came into existence on 12 July 1982
  3. What is the paid up capital of NABARD?
    A) Rs 100 crore
    B) Rs 3000 crore
    C) Rs 30,000 crore
    D) Rs 10,000 crore
    View Answer
    Option C
    Explanation    : Set up with an initial capital of Rs.100 crore, the paid up capital of NABARD stood at Rs. 5,000 crore as on 31 March 2016.
    The paid up capital as on 31 May 2017, stood at Rs.30,000 crore with Government of India holding Rs.30,000 crore (100% share).
  4. The Reserve Bank of India holds __ per cent of shares in NABARD
    A) 1 %
    B) 0.40 %
    C) 99 %
    D) 99.60 %
    View Answer
    Option B
    Explanation    : The Government of India today holds Rs. 4,980 crore (99.60%) while Reserve Bank of India holds Rs. 20.00 crore (0.40%).
  5. What is the fullform of ARDC?
    A) Agriculture Reform and Development Council
    B) Agricultural Refinance and Development Corporation
    C) Agricultural Reformation and Developmental Council
    D) Agri Refinance and Developmental Council
    View Answer
    Option B
    Explanation    : It must be notes that : NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC)
  6. NABARD was established on the recommendation of which committee?
    A) A Ghosh Committee
    B) BD Shah Committee
    C) B.Sivaraman Committee
    D) C Rao Committee
    View Answer
    Option C
    Explanation    : NABARD was established on the recommendations of B.Sivaraman Committee
  7. Where is the headquarter of NABARD located?
    A) New Delhi
    B) Mumbai
    C) Lucknow
    D) Bangalore
    View Answer
    Option B
  8. In which year Rural Infrastructure Development Fund(RIDF) was created in NABRARD ?
    A) 1991-92
    B) 1992-93
    C) 1995-96
    D) 1996-97
    View Answer
    Option C
  9. NABARD was approved by the Parliament through ______ of 1981.
    A) Act 57
    B) Act 24
    C) Act 65
    D) Act 61
    View Answer
    Option D
  10. Which of the following is not a role of NABARD?
    A) Providing refinance to lending institutions in rural areas
    B) Bringing about or promoting institutional development
    C) Evaluating, monitoring and inspecting the client banks
    D) All are its role
    View Answer
    Option D

36 thoughts on “Banking Awareness for Upcoming Exams Set 9 (About NABARD)”

      1. Sachin Shukla

        POSTPONEMENT OF ONLINE EXAMINATION

        The online examination which was supposed to be conducted by Dena Bank through IBPS on 11.06.2017 for admission for the course of Diploma in Banking and Finance through Amity University is postponed due to certain administrative exigencies.

        The fresh date of examination will be intimated later on.

        Inconvenience caused is regretted.

        Regards,
        Recruitment Cell

        1. Suraj

          acha,, that is old notification.. see the date there: Date : Oct 14, 2010
          now it is 0.4% with RBI; that too will be transferred to Government of India; but till date it is still with rbi

          1. Sparkle

            Ok Sir thankyou..
            yeh update nhi karte kya… ???
            mujhko bola sbne ki wrong ans.h isliye mene confirm kiya

          2. Suraj

            ye us notification ko nhi update krte,, but new notification post kr dete hai,, old wali rehti hai new bhi rehti hai..

          4. Sparkle

            Ok Sir thankyou…:)
            and thanks ki aapne itna quickly response kiya.. THANKS A LOT :))

    2. Sachin Shukla

      Its correct check it…Amendments in Act to increase authorized capital of NABARD from Rs. 5,000 crore to Rs. 30,000 crore and further increase it beyond Rs. 30,000 crore in consultation with RBI, as deemed necessary from time to time. It also includes certain other amendments including changes in long title and certain sections to bring Handlooms and Medium Enterprises in NABARD’s mandate. Transfer of 0.4% equity of RBI in NABARD amounting to Rs. 20 crores to the Union Government.

      1. Sangita

        Thank u mam.. so mam in question no. 4 the share of RBI has been given 20 crore or 0.40%.. It will also be changed to 0% since since GOI holds 100% stake.. Isn’t it??

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