BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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promotion of agriculture
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promotion of small scale industries
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cottage and village industries
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All of the above
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Detailed explanation-1: -NABARD provides Co-operative Banks and Regional Rural Banks loans and advances, repayable on demand or on the expiry of fixed periods not exceeding 12 months, by way of refinance for production, marketing and procurement activities.
Detailed explanation-2: -NABARD provides refinance assistance under Automatic Refinance Facility (ARF) to eligible banks for a wide spectrum of manufacturing, processing and service sector activities under RNFS (Investment Credit).
Detailed explanation-3: -NABARD provides 100% refinance to banks for their direct lending to SHGs. Rate of interest on refinance will be determined by NABARD from time to time.
Detailed explanation-4: -The major functions of NABARD include promotion and development, refinancing, financing, planning, monitoring and supervision.