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.
ICRA, set up in 1991, was promoted by which financial institution?
The Investment Information and Credit Rating Agency of India Limited was set up in 1991 with the Industrial Finance Corporation of India as its promoter, and Moody's later acquired a majority stake in it.
Read the full explanation →The CIBIL score is a three-digit number lying in which range?
TransUnion CIBIL computes its score for individual borrowers on a scale from 300 at the lowest to 900 at the highest, and a few months of credit history are needed before any score can be generated; a person who has never borrowed is shown with a no history marker rather…
Read the full explanation →Which was India's first credit rating agency, set up in 1987?
The Credit Rating Information Services of India Limited was set up in 1987 as India's first credit rating agency, promoted by ICICI and the Unit Trust of India, and the global firm S and P Global later became its majority shareholder.
Read the full explanation →Credit information companies in India are regulated under which Act?
This Act created the framework for credit bureaus, requiring them to register with the Reserve Bank of India, obliging banks and other credit institutions to become members and to furnish data, and giving borrowers the right to see and correct their own records.
Read the full explanation →Credit rating agencies in India are registered with and regulated by:
Credit rating agencies rate securities offered to the public, so they fall within the securities market and work under the SEBI (Credit Rating Agencies) Regulations of 1999, framed under the SEBI Act of 1992; no agency may rate a public issue of debt without registration with SEBI.
Read the full explanation →Which body became the national reinsurer of India after the general insurance subsidiaries were detached from it in 2000?
It was created under the General Insurance Business Nationalisation Act of 1972 as a holding company with four subsidiaries, namely National Insurance, New India Assurance, Oriental Insurance and United India Insurance.
Read the full explanation →Under the Pradhan Mantri Fasal Bima Yojana, what share of the sum insured does a farmer pay as premium for a kharif crop?
The Pradhan Mantri Fasal Bima Yojana, launched in 2016, fixes the farmer share of the premium at two per cent of the sum insured for kharif food and oilseed crops, with the rest of the actuarial premium shared by the central and state governments.
Read the full explanation →The Insurance Amendment Act of 2021 raised the ceiling on foreign direct investment in an Indian insurance company to
The Insurance Amendment Act of 2021 amended the Insurance Act of 1938 to raise the permissible foreign direct investment in an Indian insurance company to seventy-four per cent, subject to conditions designed to keep management and control in Indian hands.
Read the full explanation →Which organisation administers the Employees Pension Scheme of 1995 and is not regulated by the pension regulator?
It functions under the Ministry of Labour and Employment and administers three schemes under the Employees Provident Funds and Miscellaneous Provisions Act of 1952: the Employees Provident Fund Scheme of 1952, the Employees Pension Scheme of 1995 and the Employees Deposit Linked Insurance Scheme of 1976.
Read the full explanation →Which principle of insurance states that the insured can recover no more than the actual loss suffered, and does not apply to life insurance?
The principle of indemnity means a general insurance claim restores the insured to the position held before the loss but never pays more than the loss actually suffered, which is why a motor or fire claim is settled on the value of the damage.
Read the full explanation →The Atal Pension Yojana is open to subscribers of which age group?
The Atal Pension Yojana was launched in 2015 in place of the earlier Swavalamban scheme and is aimed at workers of the unorganised sector.
Read the full explanation →Which of the following is correct about Tier I and Tier II accounts under the National Pension System?
Under the National Pension System a subscriber holds a Permanent Retirement Account Number and a Tier I account, which is the pension account proper and permits only restricted withdrawal before retirement, and may additionally open a Tier II account, which is a voluntary savings account from which money can be…
Read the full explanation →The National Pension System was made compulsory for central government employees joining service on or after
The National Pension System, a defined contribution arrangement, applies compulsorily to central government employees who joined service on or after 1 January 2004, with the armed forces excluded; employees recruited before that date remain under the older defined benefit pension.
Read the full explanation →The Pension Fund Regulatory and Development Authority became a statutory body under an Act of which year?
The authority first worked as an interim body set up by a government resolution in October 2003, and it was given statutory status by the Pension Fund Regulatory and Development Authority Act of 2013, which came into force on 1 February 2014.
Read the full explanation →The Life Insurance Corporation of India was established in which year?
The Life Insurance Corporation of India came into being on 1 September 1956 under the Life Insurance Corporation Act, which nationalised life insurance in India and took over the business of about two hundred and forty-five insurers; its head office is at Mumbai.
Read the full explanation →The committee whose recommendations led to the opening of the Indian insurance sector and the creation of its regulator was headed by
The committee on insurance sector reforms was appointed in 1993 under R. N. Malhotra, a former Governor of the Reserve Bank of India.
Read the full explanation →The Insurance Regulatory and Development Authority of India has its headquarters in which city?
The Insurance Regulatory and Development Authority of India was constituted under the Act of 1999, became a statutory body in April 2000 and has its head office at Hyderabad, having moved there from Delhi in its early years.
Read the full explanation →Which body offered support for the proposed common cooperative digital marketing platform?
The Ministry of Cooperation is examining a proposal for a common cooperative digital platform to market cooperative products and farm produce more effectively, and the Secretary informed participants that the Open Network for Digital Commerce had offered its support for the initiative.
Read the full explanation →What does the recent amendment to the NCDC Act allow?
The Secretary of the Ministry of Cooperation explained that the recent amendment to the National Cooperative Development Corporation Act has paved the way for extending assistance to such bodies, which opens a direct route for various State-level institutions to draw funds from the Corporation, and he urged States to make…
Read the full explanation →Which three national cooperative bodies were named for strengthening export, organic and seed value chains?
The workshop gave special attention to building stronger value chains in exports, organic products and seeds through these three national cooperative institutions, and to empowering primary cooperative institutions through them.
Read the full explanation →