NABARD GK Questions 2026

Women of the Self-Employed Women's Association at Ahmedabad, who worked as vendors, headloaders and home-based workers, pooled their own share capital and registered a cooperative bank of their own in 1974 because ordinary banks would not deal with borrowers who had no collateral and no paperwork.

It was founded in 1908 by Maharaja Sayajirao Gaekwad III, nationalised in the first round of July 1969, and the Government of India still holds the majority of its shares, which is what makes a bank a public sector bank.

A commercial bank exists to gather savings from those who have a surplus and lend them to those who need funds, and it earns from the gap between the interest it pays depositors and the interest it charges borrowers.

The Reserve Bank of India Act was passed in 1934 and the Bank commenced operations on 1 April 1935, taking over note issue from the Controller of Currency and the management of government accounts and public debt from the Imperial Bank of India.

NABARD was set up on 12 July 1982 on the recommendation of the Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development, chaired by B. Sivaraman.

It was registered in 1894 and opened at Lahore as the first bank floated entirely with Indian capital and run by Indian management, with Lala Lajpat Rai among those associated with its founding.

On 15 April 1980 the Government nationalised six more private banks, this time using a deposit cut-off of ₹200 crore.

The All India Rural Credit Survey Committee under A. D. Gorwala reported that rural credit needed a bank with branches across the country and in state partnership.

Formally the Royal Commission on Indian Currency and Finance, it reported in 1926 that the control of currency and of credit should not be split between the Government and the Imperial Bank but placed in one central bank.

The rupee was tied to the pound sterling from colonial times and stayed pegged to it after independence. In 1975 the link was cut and the rupee was tied instead to a basket of currencies of India's major trading partners, with the Reserve Bank fixing the daily rate.

The Reserve Bank opened in 1935 as a shareholders' bank with privately held share capital.

It was founded in 1865 and is remembered as the oldest joint stock bank in India, a joint stock bank being one owned by shareholders rather than by a partnership of agency houses.

On 19 July 1969 the Government of India issued an ordinance taking over the fourteen largest Indian scheduled commercial banks, those whose deposits stood at ₹50 crore or more.

The Ministry of Rural Development has fixed that day as the outer limit by which States and Union Territories are to finish allotting targets to their Project Implementation Agencies, so that batches can actually begin.

The announcement on the rollout of DDU-GKY 2.0 came from that ministry, which is also the body pressing States and Union Territories to allot targets to their implementing agencies and holding review meetings with them in phases.

The Ministry of Rural Development has said that roughly that many rural young people, organised into 2,015 batches across 24 States and Union Territories, are expected to start their training in the opening month of the rollout.

Prathama Bank, the first Regional Rural Bank of India, opened on 2 October 1975 with its head office at Moradabad in Uttar Pradesh, sponsored by Syndicate Bank.

The National Bank for Agriculture and Rural Development was set up on 12 July 1982 by an Act of Parliament, on the recommendation of the Sivaraman Committee (CRAFICARD), as the apex body for rural and farm credit.

The release states that the guidelines under preparation will be used for future generation watershed development in the country under that component, which is why the meeting spent its time on validating claims in the draft and on data from the two participating states.

The release names him as presiding over the meeting and records his instruction that claims in the draft guidelines be validated against data actually collected under the programme.