BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Rs 200 crore
|
|
|
Rs 1500 crore
|
|
|
Rs 500 crore
|
|
|
Rs 100 crore
|
Detailed explanation-1: -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-2: -Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs. 2, 000 crore.
Detailed explanation-3: -BACKGROUND. National Bank for Agriculture and RuralDevelopment (NABARD) was established on 12 July 1982 by an Act of theParliament.
Detailed explanation-4: -RBI was formed. At the time of establishment, the authorized capital of the Reserve Bank of India was ₹50 million. The government’s share in this was only ₹2-2.2 million.
Detailed explanation-5: -NABARD launched the Farmers’ Club Programme in November 1982 (till 2005, it was called “Vikas Volunteer Vahini”) for propagating the principle of “development through credit, technology transfer, awareness and capacity building”.