National Bank Agriculture Rural Development Interview Questions and Answers

Jan Dhan Yojana aims to provide financial inclusion to rural areas by opening bank accounts for all households.

• Opening bank accounts for all households in rural areas

• Providing access to banking services like savings accounts, remittances, credit facilities, insurance, and pension

• Encouraging saving habits and reducing reliance on informal credit sources

• Direct benefit transfers to bank accounts for various government schemes

• Promoting financial literacy and awareness among rural...read more

Development of rural areas is important for overall economic growth, poverty reduction, and sustainable development.

• Promotes inclusive growth by providing access to financial services and infrastructure in rural areas

• Reduces poverty by creating employment opportunities and increasing income levels

• Improves agricultural productivity through better technology and practices

• Enhances quality of life by improving healthcare, education, and sanitation facilities

• Helps in reducing migr...read more

Measures for rural development include infrastructure improvement, access to education and healthcare, and promotion of sustainable agriculture.

• Improving infrastructure such as roads, electricity, and water supply to connect rural areas with urban centers

• Providing access to quality education and healthcare services to improve the overall well-being of rural communities

• Promoting sustainable agriculture practices to increase productivity and income for rural farmers

• Encouraging ...read more

A demand draft is a prepaid negotiable instrument, where the payer instructs a bank to pay a specific amount to the payee.

• Issued by a bank on behalf of a payer

• Used for making payments within a specific region or country

• Requires the payer to have sufficient funds in their account

• Can be used for various purposes such as paying bills, fees, or making purchases

National income is the total value of goods and services produced by a country in a given period of time.

• National income includes wages, profits, rents, and taxes.

• It is used to measure the economic performance of a country.

• Gross Domestic Product (GDP) is a common measure of national income.

• National income can be calculated using the income, expenditure, or production approach.

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• Investors can buy shares of mutual funds, which represent a portion of the holdings in the fund.

• Mutual funds offer diversification, liquidity, and professional management to investors.

• There are different types of mut...read more

My first preference for posing in NABARD would be to showcase the impact of their agricultural development projects on rural communities.

• Highlight the success stories of farmers who have benefitted from NABARD's initiatives

• Demonstrate the improvement in agricultural productivity and income levels in target areas

• Illustrate the sustainable practices promoted by NABARD for long-term growth

• Emphasize the role of NABARD in empowering women and marginalized groups in rural areas