NABARD GK Questions 2026

Foreign investors bring in foreign exchange and look for predictable rules, and the difficulty most often listed for India is regulatory uncertainty: changing rules, clearances spread across departments and states, and disputes that take long to settle.

Statement 1 is right because when the United States Federal Reserve tightens, returns there become attractive and portfolio money flows out of emerging markets, which is capital flight.

Statement 1 is right because the NEER is a trade weighted index of the rupee against a basket of partner currencies, so a rise in the index means the rupee has appreciated in nominal terms.

A microfinance institution exists to lend small sums to poor and low-income people who cannot offer the security an ordinary bank asks for.

Rural cooperative credit societies were the microfinance structure already in place when India became independent.

The government approved PM-MKSSY on that date as a sub-scheme meant to formalise the fisheries sector and to manage the risks its farmers carry, and the aquaculture insurance push described on 28 September 2026 is its Component 1-B. Delivery runs through the National Fisheries Digital Platform so that the incentive…

India is the second largest fish producing nation in the world with a share of about 8%, and its annual production touched a record 19.8 million tonnes in 2024-25.

The claim process begins when the insured farmer informs the insurance company of the peril and submits the documents the policy requires; the insurer then appoints a loss assessor, the damage is evaluated and payment is made on that report, with status updates shown on the insurer portal.

Component 1-B of PM-MKSSY meets the cost barrier by paying an eligible aquaculture farmer a one-time incentive of up to 40% of the insurance premium for one crop cycle, transferred directly to the bank account through the National Fisheries Digital Platform.

The Pradhan Mantri Jan Dhan Yojana was launched on 28 August 2014 as a national mission to give every household a bank account.

It keeps the Central KYC Records Registry, in which banks and other reporting entities file the KYC records of their customers with a unique KYC identifier.

It is a term deposit held in a permitted foreign currency such as the US dollar, pound sterling, euro or yen, for a period of one to five years, and both principal and interest are repaid in that currency, so a change in the rupee rate does not affect the…

Under the Banking Regulation Act as amended, a bank must transfer to this fund, maintained by the Reserve Bank of India, any deposit that has not been operated or claimed for ten years.

In a recurring deposit the customer promises to pay a fixed sum every month for a chosen period, and the bank pays interest at a rate close to that on a term deposit of the same maturity, the whole amount being returned with interest at the end.

A small account is opened for a person who has no officially valid document, on the strength of a self-attested photograph and a signature or thumb impression made before a bank officer.

The Deposit Insurance and Credit Guarantee Corporation, a wholly owned subsidiary of the Reserve Bank of India set up in 1978, insures deposits in commercial banks, regional rural banks, local area banks, payments and small finance banks and cooperative banks.

Banks classify customers as low, medium or high risk when the account is opened, on the basis of identity, social and financial standing and the nature of the expected business.

The Basic Savings Bank Deposit Account replaced the earlier no-frills account as the vehicle of financial inclusion.

The list of officially valid documents in the KYC rules is closed and contains the passport, the driving licence, proof of possession of an Aadhaar number, the voter identity card issued by the Election Commission, a job card issued under MGNREGA and signed by an officer of the state government…

Know Your Customer rules exist to stop the banking system being used to launder the proceeds of crime or to finance terrorism.