NABARD GK Questions 2026

A payments bank may accept demand deposits, that is savings and current accounts, but the total balance of an individual customer with the bank cannot exceed two lakh rupees at the end of the day.

The Reserve Bank released the final guidelines for licensing both payments banks and small finance banks on the twenty seventh of November 2014, acting on the report of the Nachiket Mor Committee on Comprehensive Financial Services for Small Businesses and Low Income Households.

The Payment and Settlement Systems Act, 2007 makes the Reserve Bank the designated authority for the regulation and supervision of payment systems in India; no person may commence or operate a payment system without its authorisation, and it issues the directions under which card networks, prepaid instruments and the retail…

The National Bank for Agriculture and Rural Development Act was passed in 1981 on the recommendation of the committee to review arrangements for institutional credit for agriculture and rural development, and NABARD itself was established on 12 July 1982 as the apex body for rural credit, refinancing cooperative banks and…

Section 35A lets the Reserve Bank give directions to banking companies, generally or to a particular bank, where it is satisfied that this is necessary in the public interest, in the interest of banking policy, to prevent the affairs of a bank being conducted in a manner detrimental to depositors…

The Act allows a certified copy of an entry in a banker's book to be received in a legal proceeding as prima facie proof of that entry, so that a bank need not produce its original records and its officers are summoned only in limited circumstances.

Fourteen banks were nationalised on 19 July 1969 by an ordinance; after the Supreme Court struck down the ordinance and the Act that followed it, Parliament enacted the Act of 1970, and a similar Act of 1980 covered the six banks nationalised on 15 April 1980.

The Recovery of Debts Due to Banks and Financial Institutions Act, 1993, passed after the Tiwari Committee recommended a special forum for bank dues, created the Debt Recovery Tribunals and the Debt Recovery Appellate Tribunals to decide applications by banks and financial institutions above a prescribed amount and to issue…

Its full name is the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, and Section 13 lets a secured creditor issue a demand notice under sub-section (2) giving the borrower sixty days to pay and, on default, take possession of the secured asset under sub-section (4)…

Inserted into the Negotiable Instruments Act by the amendment of 1988, it makes the drawer of a cheque that is returned unpaid for insufficiency of funds, or because it exceeds the arrangement, punishable with imprisonment or fine, provided the payee gives notice of demand within the prescribed time and the…

It requires every banking company to maintain in India, in cash, gold or unencumbered approved securities, assets of a value not less than the prescribed percentage of its demand and time liabilities, and that percentage is the Statutory Liquidity Ratio.

It defines banking as accepting, for the purpose of lending or investment, deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise.

The Act was passed in 1949 as the Banking Companies Act and came into force on 16 March 1949; when its scope was extended to cooperative banks, it was renamed the Banking Regulation Act, 1949 with effect from 1 March 1966, the year being retained in the title.

Section 22 of that Act gives the Reserve Bank the sole right to issue bank notes in India, and the Bank has done so since it began operations on 1 April 1935.

Phase-II follows the two-year Phase-I pilot and is designed to test the methods in varied conditions so that region-specific Standard Operating Procedures can be established.

For decades these two have been the mainstay of post-harvest pest control in the country’s grain reserves, and their widespread, repeated use is what pushed pest resistance to 72 to 100 per cent in key states while raising fumigation cycles and costs.

The correct answer is ICAR-CIPHET, Ludhiana, the Central Institute of Post-Harvest Engineering and Technology, which will carry out the two-year Phase-I of the project on alternatives to chemical fumigation in wheat and rice.

A Regional Rural Bank must lend seventy five per cent of its total outstanding advances to the priority sector, a far higher share than other banks carry, because these banks exist to serve small and marginal farmers, agricultural labourers, artisans and small entrepreneurs.

The Ninety seventh Constitutional Amendment Act of 2011 inserted Article 43B in the Directive Principles, asking the State to promote the voluntary formation, autonomous functioning, democratic control and professional management of cooperative societies.

It ended the loose half of the old dual control by placing all urban cooperative banks and multi state cooperative banks squarely under the supervision of the Reserve Bank, giving the Bank powers over their boards, their capital raising and their amalgamation, after a series of failures had hurt depositors.