BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Workers under the National Rural Employment Guarantee Act are encouraged to take their wages through bank and post office accounts. This step of the Govt. is to obtain which of the following goal(s)?
A
Only 1
B
Only 2 & (3)
C
Only 2
D
All the above
Explanation: 

Detailed explanation-1: -A. The mandate of the MGNREGA is to provide at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.

Detailed explanation-2: -The correct answer is the Ministry of Labour Welfare and Employment. Mahatma Gandhi National Rural Employment Guarantee Act formed in 2005 to guarantee the ‘right to work’ in rural areas. It provides guaranteed wage employment to every rural household for a minimum of 100 days.

Detailed explanation-3: -(i)The NREGAs 2005 was passed in September 2005. (ii)The act provides 100 days assured employment to every rural household in 200 districts. (iii)The central government will also establish National Employment Guarantee funds. (iv)Later, the scheme will be extended to 600 districts.

There is 1 question to complete.