The static part of NABARD's awareness tests is economics, rural society and agriculture more than history or sports. The Grade A syllabus for Economic & Social Issues covers the nature of the Indian economy, reforms, inflation, poverty and its measurement, population policy, rural credit, industrial policy, banking reforms, international institutions, social structure, education, social justice and human development. The Agriculture & Rural Development syllabus covers agronomy, soils and irrigation, farm engineering, horticulture, animal husbandry, fisheries, forestry, extension, ecology and climate change, agricultural finance and marketing, and rural development programmes and Panchayati Raj. This page holds GK24's topic-wise GK notes for NABARD. Each note is written as short facts and tables, so a topic can be revised in one sitting. The Indian Economy notes serve most of ESI. The Indian Polity notes cover Panchayati Raj and social justice. The Geography notes cover soils, irrigation, climate and forests, and the Environment and Ecology notes cover climate change and its international bodies. The Computer notes serve the Computer Knowledge test, and Static GK helps with General Awareness. Agronomy, animal husbandry and fisheries go beyond general GK, so use the advertisement's ARD list as a checklist for them. Read a note, then take its quiz on this site to check what you retained.
How many districts are covered by the Prime Minister Dhan-Dhaanya Krishi Yojana?
The scheme works in 100 Aspirational Agricultural Districts, and these were identified using three indicators: low productivity, low cropping intensity and low disbursement of agricultural credit.
Read the full explanation →Which statement about the lead bank of a district is correct?
The lead bank is a coordinator, not a monopolist. It prepares the district credit plan, convenes the district forums through its Lead District Manager, brings banks and government departments to one table, watches for blocks and villages left without banking and reports progress to the state government and the Reserve…
Read the full explanation →The Potential Linked Credit Plan, which forms the base of a district's Annual Credit Plan, is prepared by:
The National Bank for Agriculture and Rural Development prepares a Potential Linked Credit Plan for each district, estimating sector by sector how much credit the district can absorb, taking account of its soil, irrigation, cropping pattern, livestock, infrastructure and non-farm activity.
Read the full explanation →The High Level Committee appointed by the Reserve Bank to review the Lead Bank Scheme, which submitted its report in 2009, was headed by:
The Reserve Bank constituted a High Level Committee under its Deputy Governor Usha Thorat to review the Lead Bank Scheme after four decades, and the committee reported in 2009.
Read the full explanation →In 2004 the Reserve Bank dispensed with the restrictive provisions of the Service Area Approach, retaining them only for:
By tying every village to one branch, the Service Area Approach had removed the borrower's choice: a farmer served badly by his service area branch could not take his account elsewhere, and competition between branches disappeared.
Read the full explanation →Under the Service Area Approach, each rural and semi-urban branch was normally allotted about how many villages?
A branch's service area was drawn up of roughly fifteen to twenty-five villages, chosen on the twin tests of proximity and contiguity so that the cluster could actually be served and surveyed by the staff of one branch.
Read the full explanation →The Service Area Approach was introduced by the Reserve Bank of India with effect from:
The Service Area Approach took effect from April 1989 and carried the logic of the Lead Bank Scheme down to the individual branch.
Read the full explanation →The State Level Bankers' Committee, the apex inter-institutional banking forum of a state, was set up in which year?
The State Level Bankers' Committee was constituted in 1977 as the apex forum of a state, where all the commercial banks, the regional rural banks, the cooperative banks, the state government and the Reserve Bank meet to review credit flow and agree on the state's annual credit plan.
Read the full explanation →The Block Level Bankers' Committee is chaired by:
The Block Level Bankers' Committee is the lowest forum of the Lead Bank Scheme and exists so that the branches of a block, the block administration and the field level development agencies can settle practical questions of credit flow together.
Read the full explanation →Who chairs the District Consultative Committee under the Lead Bank Scheme?
The District Consultative Committee is the working coordination forum of the district, bringing together all the banks operating there, the district administration and the development agencies, and it is chaired by the District Collector so that the administration and the banks sit together under one authority.
Read the full explanation →The Committee of Bankers that recommended allotting each district to a particular bank, which became the 'lead bank', was headed by:
After the Gadgil Study Group recommended the area approach, the Reserve Bank appointed a Committee of Bankers under F. K. F. Nariman, which agreed with the area approach and added the mechanism that gave the scheme its name: each district should be allotted to one bank, which would act as…
Read the full explanation →The 'area approach' to banking development, which led to the Lead Bank Scheme, was recommended by which study group?
The Study Group of the National Credit Council on the organisational framework for the implementation of social objectives, headed by Professor D. R. Gadgil, reported in 1969 that large parts of the country had no banking facility at all and recommended that credit be planned area by area, with a…
Read the full explanation →The Lead Bank Scheme was introduced by the Reserve Bank of India in which year?
The Reserve Bank introduced the Lead Bank Scheme in December 1969, a few months after the nationalisation of fourteen major commercial banks in July of the same year, so the year is easy to anchor to the nationalisation year.
Read the full explanation →Under the Fugitive Economic Offenders Act, a person may be declared a fugitive economic offender where the scheduled offence involves an amount of at least
The Fugitive Economic Offenders Act of 2018 applies where a warrant of arrest has been issued for a scheduled offence involving a value of one hundred crore rupees or more and the person has left India to avoid prosecution, or refuses to return to face it.
Read the full explanation →The Financial Intelligence Unit India reports to which body?
The Financial Intelligence Unit India works under the Department of Revenue in the Ministry of Finance and reports to the Economic Intelligence Council, the apex body on economic offences, which is chaired by the Union Finance Minister.
Read the full explanation →The Financial Action Task Force, the global standard setter on money laundering, was established in which year?
The Financial Action Task Force was set up in 1989 at the summit of the Group of Seven industrial countries held in Paris, and its secretariat is housed at the headquarters of the Organisation for Economic Co-operation and Development in Paris.
Read the full explanation →Under the PMLA, how long must a reporting entity preserve records of the transactions it is required to report?
Section 12 requires every reporting entity to maintain a record of all transactions of the prescribed nature and value for a period of five years from the date of the transaction between the client and the entity, and to maintain records of the identity of its clients for five years…
Read the full explanation →For how long is a provisional attachment of property by the Director under Section 5 of the PMLA valid?
Section 5 allows the Director or an authorised officer, on reasons to be recorded in writing, to attach property believed to be the proceeds of crime provisionally for a period of one hundred and eighty days.
Read the full explanation →Under Section 4 of the Prevention of Money Laundering Act, the punishment for money laundering is rigorous imprisonment of
Section 4 provides that whoever commits the offence of money laundering shall be punishable with rigorous imprisonment for a term of not less than three years, which may extend to seven years, and with a fine.
Read the full explanation →A suspicious transaction report under the PMLA rules must be filed within
The rules require a reporting entity to furnish a suspicious transaction report to the Financial Intelligence Unit not later than seven working days from the date on which it is satisfied that the transaction is suspicious.
Read the full explanation →