112) Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development?

Answer is:

NABARD

Banking System MCQ (GK Set-1) with Answers

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Related Banking System MCQ (GK Set-1) with Answers

113) What is the name of technology given to the recently introduced computerised clearance of cheques

Answer is:

MICR

114) ’Ways and Means’ advances are provided by Reserve Bank of India only to:

Answer is:

Both 1) Central Government and 2) State Government

115) ’Micro Credits’ are loans:

granted to distressed persons (other than farmers) to pre-pay their debt to non-institutional lenders against appropriate collateral or group security

not exceeding Rs. 50,000 per borrower provided by banks

both 1) granted to distressed persons (other than farmers) to pre-pay their debt to non-institutional lenders against appropriate collateral or group security and 2) not exceeding Rs. 50,000 per borrower provided by banks

not exceeding Rs. 20,000 per borrower provided by banks

Answer is:

both 1) granted to distressed persons (other than farmers) to pre-pay their debt to non-institutional lenders against appropriate collateral or group security and 2) not exceeding Rs. 50,000 per borrower provided by banks

112) Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development?

NABARD

Banking System MCQ (GK Set-1) with Answers

Related Banking System MCQ (GK Set-1) with Answers

113) What is the name of technology given to the recently introduced computerised clearance of cheques

MICR

114) ’Ways and Means’ advances are provided by Reserve Bank of India only to:

Both 1) Central Government and 2) State Government

115) ’Micro Credits’ are loans:

both 1) granted to distressed persons (other than farmers) to pre-pay their debt to non-institutional lenders against appropriate collateral or group security and 2) not exceeding Rs. 50,000 per borrower provided by banks

116) Rural Infrastructure Development Fund (RIDF) is financed by:

NABARD

Banking System MCQ (GK Set-1) with Answers