BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 600 billion
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Rs 900 billion
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Rs 100 billion
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Rs 300 billion
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Detailed explanation-1: -At present the authorised capital of Nabard is Rs 5, 000 crore and there is a proposal to increase it to Rs 30, 000 crore, Gangwar said.
Detailed explanation-2: -Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17, 080 crore as on 31 March 2022. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by Government of India.
Detailed explanation-3: -The National Bank for Agriculture and Rural Development (NABARD) was established in 1982. RBI had sold its stake and now the Government of India (GOI) has 99 percent in it. It was established to provide credit for the promotion of the agriculture, SSI and Cottage and village industry.
Detailed explanation-4: -The Union Budget for FY 2022-23 has made a budgetary provision of Rs 350 crore (total budget is of Rs 2, 516 crore for five years) for computerisation of 63 thousand PACS.
Detailed explanation-5: -NABARD-National Bank For Agriculture And Rural Development. The Government of India encourages farmers in taking up projects in select areas by subsidizing a portion of the total project cost. All these projects aim at enhancing capital investment, sustained income flow and employment areas of national importance.