Banking GK Questions 2026

Priority has to be given to women in such a way that at least one third of the beneficiaries are women who have registered and asked for work, and the Act also requires equal wages for women and men for the same work.

The Act requires that work be provided ordinarily within five kilometres of the village of the applicant, and if the worksite is farther away, the worker is paid an extra ten per cent of the wage rate to meet the cost of travel and living.

If employment is not provided within fifteen days of the application, or of the date from which work is sought, whichever is later, the applicant becomes entitled to an unemployment allowance, which the State Government pays from its own funds.

The Act was renamed on Gandhi Jayanti in 2009, and from then it has been known as MGNREGA, the Mahatma Gandhi National Rural Employment Guarantee Act.

The correct answer is B, 2 February 2006, when the Act came into force in 200 of the poorest districts of the country, the first launch taking place at Bandlapalli in the Anantapur district of Andhra Pradesh.

Section 3 of the Act obliges the State Government to provide at least one hundred days of unskilled manual wage employment in a financial year to every rural household whose adult members volunteer for such work, and the guarantee belongs to the household, not to each member.

The scheme, a component of the National Mission on Sustainable Agriculture, groups farmers into clusters, supports them with training and inputs for organic cultivation, and certifies the produce through the Participatory Guarantee System of India, in which groups of farmers inspect and vouch for one another.

The scheme, launched in 2019, is a voluntary and contributory pension arrangement for small and marginal farmers between eighteen and forty years of age; the farmer contributes a monthly amount that depends on the age of entry, the Union government contributes an equal amount, and a pension of three thousand…

Launched in 2015, it brings irrigation work under one umbrella with the Accelerated Irrigation Benefit Programme for major and medium projects, Har Khet Ko Pani for creating new sources, Per Drop More Crop for drip and sprinkler micro-irrigation, and watershed development for rainfed areas.

Acting on the report of the R. V. Gupta committee, the scheme was introduced in 1998 and the model was prepared by NABARD for commercial banks, regional rural banks and cooperative banks.

The electronic National Agriculture Market was launched on 14 April 2016 to connect regulated mandis across the States on a single internet platform, so that a trader sitting anywhere can bid for a lot after it is assayed, which widens the market for the farmer and reduces the hold of…

Set up in 1965 as the Agricultural Prices Commission and renamed in 1985, it is an attached office of the Ministry of Agriculture and Farmers Welfare that studies costs of production and recommends the minimum support price for the mandated crops; the final decision is taken by the Cabinet Committee…

The scheme was launched on 19 February 2015 from Suratgarh in Sri Ganganagar district, and it gives every holding a card showing the status of the main nutrients and the physical properties of the soil, with crop-wise advice on fertiliser and manure, renewed on a fixed cycle so that the…

The scheme fixed a uniform maximum premium for the farmer: two per cent of the sum insured for kharif food and oilseed crops, one and a half per cent for rabi food and oilseed crops, and five per cent for annual commercial and horticultural crops, with the balance of the…

PM-KISAN pays each eligible landholding farmer family two thousand rupees every four months, that is six thousand rupees a year, straight into an Aadhaar-seeded bank account; the whole cost is borne by the Union government because it is a central sector scheme.

The National Mission for Saffron, meant to revive saffron cultivation in Jammu and Kashmir through better corms, irrigation and a spice park, runs as a sub-scheme of the Rashtriya Krishi Vikas Yojana, the umbrella fund started in 2007 that lets States plan their own agricultural projects.

PM-KISAN was announced in the interim budget of February 2019 and formally launched on 24 February 2019 from Gorakhpur in eastern Uttar Pradesh, with the first instalment released there, although the scheme was given effect from 1 December 2018.

The real interest rate is the nominal rate minus the rate of inflation: 24 minus 10 gives 14 percent. The nominal interest rate is the rate written on the loan, here 24 percent a year.

Rubber products are not among the Eight Core Industries tracked by the Index of Eight Core Industries.

This statement is false, because lending and advancing loans is the main business of most NBFCs. A Non-Banking Financial Company is a company registered under the Companies Act whose principal business is loans and advances, buying shares and securities, leasing, hire-purchase, insurance or chit funds.