BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population. JLG stands for?

A	Junior Link Group
B	Join Life Group
C	Joint Line Group
D	Joint Liability Group

Explanation:

Detailed explanation-1: -JLG stands for Joint Liability Group.

Detailed explanation-2: -Joint Liability Group (JLG) is an informal group comprising preferably of 4 to 10 individuals for the purposes of availing bank loan either individually or through the group mechanism against mutual guarantee.

Detailed explanation-3: -Automatic Refinance Scheme (ARF)

Detailed explanation-4: -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-5: -National Bank For Agriculture & Rural Development (NABARD) is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.

There is 1 question to complete.