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NABARD GRADE A 2024 — General Awareness Questions with Answers
All 33 General Awareness previous-year questions from NABARD GRADE A 2024, each with the correct answer and a full explanation. Practise them as a free, timed mock test with instant scoring.
Practice General Awareness as a timed test →- Q1.General Awareness
The Animal Welfare Board of India (AWBI) was established in 1960 under Section 4 of which Act?
- a)The Prevention of Cruelty to Animals Act, 1960
- b)The Wildlife Protection Act, 1972
- c)The Environment Protection Act, 1986
- d)The Forest Conservation Act, 1980
- e)The Biological Diversity Act, 2002
- Q2.General Awareness
In the wake of the Bhopal Gas Tragedy (1984), the Government of India enacted which legislation?
- a)The Wildlife Protection Act, 1972
- b)The Prevention of Cruelty to Animals Act, 1960
- c)The Forest Rights Act, 2006
- d)The Forest Conservation Act, 1980
- e)The Environment Protection Act, 1986
- Q3.General Awareness
The Intergovernmental Panel on Climate Change (IPCC): (1) was established in 1988 by the WMO and UNEP; (2) membership is open to all members of WMO and UNEP; (3) produces reports supporting the UNFCCC. Which of these statements is INCORRECT?
- a)Only 1
- b)Only 2
- c)Only 3
- d)1 and 3
- e)None of these (all are correct)
- Q4.General Awareness
The International Monetary Fund (IMF) is headquartered in?
- a)New York, USA
- b)Washington DC, USA
- c)Geneva, Switzerland
- d)Vienna, Austria
- e)Paris, France
- Q5.General Awareness
Which of the following factors contribute to an upswing in the economic growth of a country? (1) Rise in productive capacity with rising aggregate demand (2) Availability of a skilled workforce (3) Decreasing consumer and business confidence (4) Technological development increasing productivity
- a)1, 2, 3
- b)1, 2, 4
- c)2, 3, 4
- d)1, 3, 4
- e)1, 2, 3, 4
- Q6.General Awareness
Which of the following statements does NOT use the approach of Human Development? (1) Economic growth automatically leads to improvement in quality of life (2) It is advisable not to consider girls for jobs requiring relocation (3) Citizens instructed to pursue higher education only in Science
- a)Only 1
- b)Only 2
- c)Only 3
- d)All of the above
- e)None of the above
- Q7.General Awareness
X is a unique 10-digit alphanumeric code issued on the basis of an entity's PAN, mandatory for any entity engaged in export/import, issued electronically by the Directorate General of Foreign Trade (DGFT). Identify X.
- a)Import-Export Code (IEC)
- b)EXIM Code
- c)IMEX Code
- d)Export Code
- e)Import Code
- Q8.General Awareness
Which of the following is/are applicable on imports into India?
- a)Customs duty only
- b)IGST only
- c)Excise duty only
- d)Customs duty and IGST
- e)IGST and Excise duty
- Q9.General Awareness
The Reserve Bank of India (RBI) was established in which year?
- a)1926
- b)1935
- c)1947
- d)1949
- e)1955
- Q10.General Awareness
In which year was the Reserve Bank of India nationalised?
- a)1935
- b)1947
- c)1949
- d)1951
- e)1969
- Q11.General Awareness
How many members constitute India's Monetary Policy Committee (MPC)?
- a)3
- b)4
- c)5
- d)6
- e)7
- Q12.General Awareness
Under the flexible inflation targeting framework, the RBI's medium-term CPI inflation target is:
- a)2% with a band of +/- 1%
- b)4% with a band of +/- 2%
- c)5% with a band of +/- 2%
- d)6% with a band of +/- 1%
- e)3% with a band of +/- 1%
- Q13.General Awareness
The repo rate is best defined as the rate at which:
- a)Banks lend to the RBI overnight
- b)The RBI lends short-term funds to commercial banks against government securities
- c)Banks lend to their prime customers
- d)The RBI lends long-term funds without collateral
- e)Banks lend to each other in the call money market
- Q14.General Awareness
The Cash Reserve Ratio (CRR) is the percentage of a bank's ______ that must be kept as reserves with the RBI.
- a)Net Demand and Time Liabilities (NDTL)
- b)Total advances
- c)Paid-up capital
- d)Investment in government securities
- e)Fixed deposits only
- Q15.General Awareness
The Statutory Liquidity Ratio (SLR) must be maintained by banks in the form of:
- a)Only cash with the RBI
- b)Liquid assets such as cash, gold and approved government securities
- c)Only foreign currency
- d)Only equity shares
- e)Only fixed deposits with other banks
- Q16.General Awareness
The Liquidity Adjustment Facility (LAF) consists of:
- a)CRR and SLR
- b)Repo rate and reverse repo rate
- c)Bank rate and MSF
- d)OMO and moral suasion
- e)CRR and repo rate
- Q17.General Awareness
The Marginal Standing Facility (MSF) rate is generally:
- a)Equal to the repo rate
- b)Below the reverse repo rate
- c)Above the repo rate
- d)Equal to the CRR
- e)Below the bank rate
- Q18.General Awareness
Which of the following is a QUANTITATIVE (general) credit control tool of the RBI?
- a)Moral suasion
- b)Margin requirements
- c)Open Market Operations (OMO)
- d)Rationing of credit
- e)Direct action
- Q19.General Awareness
Deposit insurance in India (provided by DICGC) covers each depositor of a bank up to a maximum of:
- a)Rs 1 lakh
- b)Rs 2 lakh
- c)Rs 5 lakh
- d)Rs 10 lakh
- e)Rs 25 lakh
- Q20.General Awareness
In India, currency notes of all denominations except the one-rupee note are issued by:
- a)The Ministry of Finance
- b)The Reserve Bank of India
- c)The State Bank of India
- d)The Security Printing and Minting Corporation
- e)NABARD
- Q21.General Awareness
Basel norms for banking regulation are issued by a committee under the:
- a)World Bank
- b)International Monetary Fund
- c)Bank for International Settlements (BIS)
- d)Financial Stability Board
- e)Asian Development Bank
- Q22.General Awareness
Which institution is the apex bank for agriculture and rural development in India?
- a)RBI
- b)SIDBI
- c)NABARD
- d)EXIM Bank
- e)SEBI
- Q23.General Awareness
The regulation of India's securities/capital markets is the responsibility of:
- a)RBI
- b)SEBI
- c)IRDAI
- d)PFRDA
- e)NABARD
- Q24.General Awareness
The insurance sector in India is regulated by:
- a)SEBI
- b)RBI
- c)IRDAI
- d)PFRDA
- e)IBBI
- Q25.General Awareness
An increase in the repo rate by the RBI is generally a signal of a ______ monetary policy stance.
- a)Expansionary
- b)Contractionary (tightening)
- c)Neutral and automatic
- d)Accommodative
- e)Fiscal
- Q26.General Awareness
Gross Domestic Product (GDP) is best defined as:
- a)The total income earned by residents abroad
- b)The market value of all final goods and services produced within a country's borders in a given period
- c)The value of exports minus imports
- d)The total tax revenue of the government
- e)The total savings of households in a year
- Q27.General Awareness
Which statistical measure is most commonly used to represent income inequality?
- a)Consumer Price Index
- b)Gini coefficient
- c)Human Development Index
- d)Repo rate
- e)Phillips curve
- Q28.General Awareness
The Human Development Index (HDI), published annually by the UNDP, is a composite of which three dimensions?
- a)Income, savings and investment
- b)Health (life expectancy), education and per-capita income (GNI)
- c)Employment, inflation and trade
- d)Poverty, literacy and fertility
- e)Agriculture, industry and services
- Q29.General Awareness
The fiscal deficit of a government is equal to:
- a)Total expenditure minus total receipts (excluding borrowings)
- b)Revenue expenditure minus revenue receipts
- c)Total receipts minus total expenditure
- d)Interest payments minus subsidies
- e)Capital expenditure minus capital receipts
- Q30.General Awareness
Which of the following is a DIRECT tax?
- a)Goods and Services Tax (GST)
- b)Customs duty
- c)Corporate income tax
- d)Excise duty
- e)Value Added Tax (VAT)
- Q31.General Awareness
NITI Aayog, which replaced the Planning Commission in 2015, is best described as:
- a)A constitutional body
- b)A statutory regulator
- c)A think-tank / advisory body of the Government of India
- d)A department of the RBI
- e)A United Nations agency
- Q32.General Awareness
The 'demographic dividend' of an economy refers to:
- a)A rising dependency ratio
- b)Economic growth potential from a rising share of working-age population
- c)A fall in life expectancy
- d)An increase in the elderly population
- e)Higher remittances from migrants
- Q33.General Awareness
India's national income is conventionally measured as:
- a)Gross Domestic Product at market prices
- b)Net National Product (NNP) at factor cost
- c)Gross National Product at market prices
- d)Personal disposable income
- e)Net Domestic Product at market prices
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