NABARD Exam Prep

What does NABARD stand for?

• National Association for Banking and Rural Development

• National Board for Agriculture and Rural Development

• National Bank for Agriculture and Rural Development

• National Bureau for Agriculture and Rural Development

When was NABARD established?

• 1 April 1990

• 12 July 1982

• 30 May 1975

• 15 August 1947

What is the main function of NABARD?

• To regulate the stock market

• To provide credit for agriculture and rural development in India

• To provide housing loans

• To manage national parks

Which sectors does NABARD provide credit for?

• Agriculture and rural development

• Healthcare and technology

• Education and transportation

• Finance and real estate

What is the role of NABARD in rural development?

• NABARD is responsible for urban development

• NABARD provides credit facilities, promotes sustainable agriculture, rural infrastructure development, and supports government schemes for rural upliftment.

• NABARD focuses on industrial growth

• NABARD primarily deals with international trade

Name the schemes launched by NABARD for agricultural development.

• RIDF, SHG-Bank Linkage Program, WADI, and more

• MGNREGA, PM-KISAN, PMFBY

• MNREGA, NRLM, PMFBY

• PM-KISAN, NRLM, WADI

How does NABARD promote sustainable agriculture?

• NABARD promotes sustainable agriculture by encouraging deforestation

• NABARD promotes sustainable agriculture through space exploration

• NABARD promotes sustainable agriculture through financial support, training programs, and encouraging eco-friendly practices.

• NABARD promotes sustainable agriculture by selling fast food

Discuss the role of NABARD in providing financial assistance to farmers.

• NABARD focuses on promoting industrial projects instead of agricultural initiatives

• NABARD provides financial assistance to farmers through credit facilities, refinancing loans, promoting rural development projects, and supporting agricultural initiatives.

• NABARD only provides financial assistance to urban areas

• NABARD does not offer credit facilities to farmers

Explain the significance of NABARD in the cooperative banking sector.

• NABARD provides financial support, refinancing, and development assistance to cooperative banks, thereby strengthening the cooperative credit structure and promoting rural development.

• NABARD primarily supports industrial sectors

• NABARD focuses on urban development projects

• NABARD is a regulatory body for commercial banks

What are the eligibility criteria for availing loans from NABARD?

• Having a criminal record

• Being a farmer, farmer producer organization, rural artisan, rural entrepreneur, or engaged in agriculture and allied activities, having a good credit history, a feasible project proposal, and meeting NABARD's specific loan requirements.

• Not being involved in agriculture or allied activities

• Not having a feasible project proposal