BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
1st NAFIS, conducted by National Bank for Agriculture and Rural Development (NABARD). What percent of the households reported having a bank account in this survey?
A
77.20%
B
88.1%
C
66.30%
D
55.40%
Explanation: 

Detailed explanation-1: -Average savings per annum per saver households was reportedly Rs 17, 488, of which 95 per cent is with institutional agencies.

Detailed explanation-2: -The correct answer is Facilitating credit flow for the promotion and development of agriculture. The full form of NABARD is National Bank for Agriculture and Rural Development. NABARD was established on 12th July 1982.

Detailed explanation-3: -For FY 2022-23 to 2023-24: IS of 1.5% will be payable to Cooperative Bank, RRBs, SFBs, Commercial Banks on their own funds used for Short Term loans for agriculture and allied activities including animal husbandry, dairy, fisheries, bee keeping etc., provided the banks lend at 7%.

Detailed explanation-4: -As per the NABARD report, the average annual income of such a family from farming is Rs 92, 072 which means the average monthly income is Rs 7, 573. As per the NABARD report only six other states–Andhra Pradesh, Bihar, Jharkhand, Odisha, Tripura and Uttar Pradesh–are behind West Bengal on this count.

Detailed explanation-5: -Conceptualized and managed by the NCRB at the Central Fingerprint Bureau (CFPB) in New Delhi, the National Automated Fingerprints Identification System (NAFIS) project is a country-wide searchable database of crime-and criminal-related fingerprints. (

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