Institutes supporting business - class-XI
Description: institutes supporting business | |
Number of Questions: 48 | |
Created by: Sangita Pandit | |
Tags: organisation of commerce and management business studies institutes supporting business commerce facilitators of international business small business and entrepreneurship micro, medium and small enterprises (msmes) |
The objective of the World Bank is _____________.
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to remove the short term disequilibrium is the balance of payments of the member countries
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to eliminate the long term disequilibrium in the balance of payments of the member of countries
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to eliminate the medium term disequilibrium in the balance of payments of the member of countries
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all the above
The acronym for general agreement for tariffs and trade is _________.
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WTO
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IMF
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GATT
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ITO
The acronym for General Agreement for Tariffs and Trade is GATT. The main aim of GATT is to promote international trade by eliminating trade barriers.
Which of the following are international trade institutions?
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IMF
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IBRD
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ITO
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All of the above
International trade institutions are established for various aspects and regulations in the international trade, some of these institutions are International Monetary Fund (IMF), International Bank for Reconstruction and Development (IBRD), International Trade Organization (ITO).
The World Bank is significantly involved in eradication of poverty through raising productivity.
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True
-
False
The world bank is significantly involved in eradication of poverty through raising productivity in the underdeveloped nations by helping them in industrial and agricultural economies and creating employment opportunities for the poor.
The Foreign Exchange Management Act (FEMA) was implemented in the year _______.
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1996
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1997
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1998
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1999
The Foreign Exchange Management Act (FEMA) was implemented in the year 1999, it is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.
In the World Bank's Ease of doing Business Ranking, 2015 India is placed at _________.
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154 place out of the total 184 economies
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142 place out of the total 189 economies
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148 place out of the total 190 economies
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146 place out of the total 188 economies
The main objective of ITO was to promote and facilitate international trade among member nations.
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True
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False
The main objective of ITO was to promote and facilitate international trade among member nations, ITO was an international trade institution which is now also know as the WTO World Trade Oregannization.
The principal objective of the Foreign Exchange Regulation Act (FFRA) is _______.
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to regulate dealings in foreign exchange and securities
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to regulate foreign companies
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to regulate domestic trade
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to regulate employment of foreign nationals
In the initial stages of development, __________ imports will be high.
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capital and technological
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maintenance
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both (a) and (b)
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neither (a) nor (b)
The world bank is a group of ______ international financial organizations.
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five
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three
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six
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four
The World Bank Group consists of five member institutions: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes
The term 'ISO' stands for ______________.
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International Organisation for Standardisation
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International Standardisation for Organisation
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Indian Standard Organisation
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International Standards for Organisations
The world bank provides resources for __________.
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education
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sanitation
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health care
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all of the above
The world bank provides resources for education, sanitation, health care in the nations that lack such resources.
World bank is also known as __________.
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GATT
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WTO
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ITO
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IBRD
The world bank is also known as International Bank for Reconstruction and Development (IBRD).
The world bank was set up for the reconstruction of war-effected economies of Europe.
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True
-
False
The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Funds (IMF). The intention behind the founding of the World Bank was to provide temporary loans to low-income countries and reconstruction of war-effected economies of Europe.
The world bank diverted their resources to _______ & ________ for the underdeveloped nations.
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infrastructure, finance
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industrial, agriculture
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import, export
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neither of the above
The world bank diverted their resources to industrial and agricultural help for the underdeveloped nations. Industrial and agricultural situations are the primary base to the development of an underdeveloped nation.
The headquarters of the World bank is in __________.
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Switzerland
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Washington D.C
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Berlin
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London
The headquarters of the World bank is in Washington D.C
What is/are the fund(s) for start-ups that SIDBI have been managing?
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Fund of Funds for Start-ups
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ASPIRE Fund
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India Aspiration Fund
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All of the above
Which of the following committees recommended the establishment of NABARD?
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CRAFICARD
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Royal Commission
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Jha Committee
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Tandon Committee
The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) under the chairmanship of B. Sivaraman, also known as Sivaraman committee recommended the establishment of NABARD.
NABARD provides refinance assistance to ___________.
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state land development banks
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scheduled commercial banks
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regional rural banks and state co-operative banks
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all of the above
National Bank for Agriculture and Development is the apex bank which is concerned with the planning, policy and operations for development of rural areas of India. Above mentioned banks help the rural communities to undertake agricultural and farming activities by providing loans, hence NABARD provides refinance assistance to such banks for better economical development.
The SIDBI is a wholly owned subsidiary of the _________.
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RBI
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IBRD
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IDBI
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IRBI
The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that were administered by IDBI before. SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector
NABARD came into existence in ____.
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1975
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1980
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1982
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1985
NABARD was established to implement the National Bank for Agriculture and Rural Development Act, 1981. It is an apex development financial institution of India. Its headquarter is located in Mumbai, with branches all over the country.
NABARD was established by the Government of ________.
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U.S.A.
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Sri Lanka
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Pakistan
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India
NABARD is the apex development and financial institution of India. It was established by government of India for development of agriculture and rural development in rural parts of India.
The functions of NABARD have been divided into _______.
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2 categories
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3 categories
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4 categories
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5 categories
The functions of NABARD has been divides into 3 categories namely- Distribution, development and regulatory. It is entrusted with matters of concerning policy, planning and operations in the field of credit for agriculture and other economic activities for rural development.
Which of the following is a developmental functions of NABARD?
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It inspects the working of RRBs and Cooperative banks of all types
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It provides long-term credit to State Land Development Banks
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It provides short term credit to state cooperative banks, RRB's and other financial institutions
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It acts as an agent of Government and RBI for monitoring work in agricultural related areas
NABARD has taken over the refinancing from the RBI with respect of state cooperative banks and regional rural banks. It is an apex organisation with respect to all the rural developmental activities. Hence, it plays as an agent of government and RBI by refinancing and giving agricultural credit.
Small Industries Development Bank of India is created by _______.
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RBI
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IDBI
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IFCI
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IBRD
SIDBI was established in 1990 to cater to the financial needs and growth and development of micro, small and medium scale enterprises. It is an important pillar of Indian economy as it contributes greatly to the growth of the same.
NABARD provides refinance for investment in the following activities.
I. Minor irrigation
II. Land development
III. Soil Conservation
IV. Dairy development
Which of the following are correct?
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I, II and III are correct
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II, III and IV are correct
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I, II and IV are correct
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All are correct
All the mentioned activities contribute to the economical and agricultural development of rural areas. This helps the rural community to earn their livelihood leading to greater standard of living. NABARD provides refinance for the investment in such activities.
Khusro Committee is associated with _______.
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RRBs
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RBI
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NABARD
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SBI
Khusro Committee is also known as Agricultural Review Committee which was established in 1989. The function of Khusro committee under the chairmanship of Prof. A.M. Khusro was to examine the problems of agricultural and rural credits, measure the structural and operational deficiencies and recommend major systematic improvements.
The SIDBI has set up a technology bureau for SSI units in ________.
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Kolkatta
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New Delhi
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Mumbai
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Chennai
The SIDBI has set up a technology bureau for SSI units in New Delhi.
The principal financial institution for the promotion, financing and development of small scale industries is ________.
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SIDBI
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SFCs
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EXIM Bank
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IRBI
The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that were administered by IDBI before. SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.
NABARD has taken over the entire functions of________.
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ARDC
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ACD of RBI
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RPCD of RBI
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All of the above
SIDBI is set up in ____ as a wholly owned subsidiary of ______.
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1985 - EXIM
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1969 - RRBS
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1975 - IFCI
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1990 - IDBI
The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990.
The SIDBI was established in _________.
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April, 1980
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April, 1985
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April, 1990
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April, 1995
Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities.
Which one among the following has not started Commercial Banking?
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SIDBI
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IDB
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ICICI
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UTI
It is a public financial institution which lends for longer periods.A bank is defined as an institution which accepts deposits for the purpose of lending and investment. Further, Banks lend for shorter durations. SIDBI does not accept deposits and hence it is a financial institution not a commercial bank.
____ Indian Aspiration Fund was launched by ___ in August 2015 to boost the start-up funds ecosystem in the country.
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Rs. 5,000 Crore; IDBI
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Rs. 2,000 Crore; SIDBI
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Rs. 2,000 Crore; RBI
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Rs. 3,500 Crore; ICICI
In order to boost the startup ecosystem in the country, finance minister Arun Jaitley has announced the launch of India Aspiration Fund (IAF) with an initial corpus of Rs. 2,000 crore. IAF is managed by Small Industries Development Bank of India (SIDBI) for promotion, financing and development of micro, small and medium enterprises (MSME) sector.
Branch office kind of business form __________________.
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can undertake any acctivity
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can undertake activity which is specifically permitted.
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can work without being registered with Registrar of Companies.
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can not carry on research work.
Major activity(ies) of SIDBI is/are __________.
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Refinancing loans
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Extension of seed capital
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Development of industrial areas
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All of the above
- SIDBI refinances loans extended by the primary lending institutions to small scale industrial units, and also provides resources support to them.
- SIDBI discounts and rediscounts bills arising from sale of machinery to or manufactured by industrial units in the small scale sector.
- To expand the channels for marketing the products of Small Scale Industries (SSI) sector in domestic and international markets.
- It provides services like leasing, factoring etc. to industrial concerns in the small scale sector.
- To promote employment oriented industries especially in semi-urban areas to create more employment opportunities and thereby checking migration of people to urban areas.
- To initiate steps for technological up-gradation and modernisation of existing units.
- SIDBI facilitates timely flow of credit for both term loans and working capital to SSI in collaboration with commercial banks.
SIDBI is a subsidiary of ____________.
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IDBI
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Union Bank
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RBI
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NABARD
The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India). It is established under the Special Act of the Parliament 1988 that became operative since April 2, 1990.
SIDBI Start-Up Mitra is the digital initiative that facilitates the entrepreneurs to engage with incubators, investors, mentors etc.
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True
-
False
True
The Scheme launched for Technology up-gradation of Micro and Small Enterprises is ________.
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Credit Linked Capital Subsidy Scheme
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Deendayal Antyodaya Yojana
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Dairy Entrepreneurship Development Scheme
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None of the above
Headquarters of NABARD is located at _______.
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Kolkata
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Mumbai
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Delhi
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Chennai
National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with regional offices all over India.The Bank has been entrusted with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India".
Identify the fund set up by SIDBI with a vision to promote and accelerate equity and equity-linked investments in start-ups and MSMEs.
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India Aspiration Fund
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Aspire Fund
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SIDBI Start-Up Mitra
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None of the above
Biofertilisers and biopesticides production Units can benefit from the _______ scheme.
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Dairy Entrepreneurship Development Scheme
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Agricultural and Marketing Infrastructure, Grading and Standardization
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Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs
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Agriclinic and Agribusiness Centres Scheme
NABARD acts as a coordinator in the operation of rural credit institutions.
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True
-
False
True
Which of the following is/are the role of NABARD?
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Providing re-finance to leading institutions in the rural area
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Bringing about institutional developments
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Monitoring and inspecting client banks
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All of the above
NABARD was established by an Act of Parliament.
-
True
-
False
True
Promotion of employment-oriented industries is one of the objectives of SIDBI.
-
True
-
False
True
The _____________ scheme of NABARD that lets the farmers sell their produce at a fair price by retaining their farm produce till the market prices become favorable.
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Dairy Entrepreneurship Development Scheme
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Solar Schemes
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Agricultural and Marketing Infrastructure, Grading and Standardization
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Rural Godowns
The Rural Godowns scheme of NABARD that lets the farmers sell their produce at a fair price by retaining their farm produce till the market prices become favorable