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Financial awareness Practice Questions & Answers

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What is NABARD? I. They are apex institution for providing credit facility to agricultural and rural areas. II. These are the most important source of rural credit. III. They provide finance rural credit directly through Regional Rural Banks (RRBs).

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What is NABARD?
I. They are apex institution for
providing credit facility to
agricultural and rural areas.
II. These are the most important source
of rural credit.
III. They provide finance rural credit
directly through Regional Rural
Banks (RRBs).


1). I & II
2). Only I
3). Only II
4). one of the above

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Debt Recovery Tribunals which were set up after the passing of Recovery of Debts due to Banks and Financial Institutions Act (RDBBFI), 1993. This Act was amended in?

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Debt Recovery Tribunals which were set up after the passing of Recovery of Debts due to Banks and Financial Institutions Act (RDBBFI), 1993. This Act was amended in?
1). 2016
2). 2014
3). 2015
4). 2017

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Seeking to boost manufacturing sector, Govt, has extended the benefits of the NMP throughout the country wherever industry can organise itself into clusters and adopt a selfregulatory model. What does NMP stand for?

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Seeking to boost manufacturing sector, Govt, has extended the benefits of the NMP throughout the country wherever industry can organise itself into clusters and adopt a selfregulatory model. What does NMP stand for?
1). National Marketing Policy
2). National Manufacturing Policy
3). National Maintenance Policy
4). National Manufacturing Practice

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Which of the following is not one of the features of the Special Economic Zones (SEZ) being set up for promoting exports ?

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Which of the following is not one of the features of the Special Economic Zones (SEZ) being set up for promoting exports ?
1). The SEZ area will be treated as foreign territory for trade operations, duties and tariff
2). No licence is required for import into the zone.
3). Foreign workers will be allowed free entry without visa restrictions.
4). There will be no routine examination by customs authorities

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What is the meaning of Gross budgetary support:

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What is the meaning of Gross budgetary support:
1). expenditure in budget on social schemes
2). Centre’s contribution to budget
3). assistance provided by the Centre to five year plan
4). None of the given choices