BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NABARD provides refinance to
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Scheduled commercial banks
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Co-operative banks
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Regional rural banks
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All of the above
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Explanation:
Detailed explanation-1: -In case of RRBs, NABARD’s refinance is to the extent of 70% of eligible amount with sponsor bank’s share at 25% and RRB’s share at 5%.
Detailed explanation-2: -Agri-clinic central schemes. Agribusiness central schemes. Capital investment subsidy scheme for commercial production units for biological inputs and organic inputs.
Detailed explanation-3: -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.
There is 1 question to complete.