BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NABARD
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RBI
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SBI
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Central Government
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Detailed explanation-1: -The major functions of NABARD include promotion and development, refinancing, financing, planning, monitoring and supervision.
Detailed explanation-2: -Cooperative Development Fund (CDF) CDF was established on the basis of a decision taken by the Board of Directors in its 69th meeting held on 2nd February 1993 under the provisions of section 45 of NABARD Act, 1981 with an initial corpus of Rs. 10 crore.
Detailed explanation-3: -Assisting GoI in policy matters relating to Rural Cooperatives. Monitoring the viability of the Cooperative Banks through systematic data collection and analysis of the same for policy inputs to GoI and RBI. Review of functioning of Short-term (ST) & Long-term (LT) cooperatives.
Detailed explanation-4: -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). It was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05 November 1982.