Which of the following is NOT a function of NABARD? MCQ with Answer and Explanation

Which of the following is NOT a function of NABARD?
A. Refinancing rural credit institutions
B. Issuing currency notes
C. Supervising cooperative banks and RRBs
D. Promoting rural development
Answer: Option B
Solution (By JKSSB Mock Tests)
Issuing currency is the function of RBI. NABARD provides refinancing, promotes rural development and supervises cooperative banks and Regional Rural Banks.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
Which of the following is a measure of economic development rather than mere growth?
A. Improvement in HDI, reduction in poverty and inequality
B. Increase in GDP only
C. Increase in money supply
D. Increase in foreign exchange reserves only

Correct Answer: Option A


Explanation:
Economic development is a broader concept than growth and includes improvements in living standards, health, education, reduction in poverty and inequality, as reflected in indices like HDI.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Circular Economy' concept?
A. Only the maximisation of consumption without regard to waste
B. Only the maximisation of resource extraction
C. An economic system aimed at eliminating waste and the continual use of resources through reuse, repair, remanufacturing and recycling
D. A linear take-make-dispose model

Correct Answer: Option C


Explanation:
The circular economy seeks to keep products, materials and resources in use for as long as possible, extracting maximum value and then recovering and regenerating them at the end of their service life.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Comptroller and Auditor General' of India submits audit reports to:
A. Finance Minister
B. RBI Governor
C. President
D. Prime Minister

Correct Answer: Option C


Explanation:
CAG submits audit reports to the President or Governor.

This question belongs to: Economy GK Economy Set 1