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🇮🇳 NABARD Grade A · flashcards
NABARD Grade A General Awareness, Current Affairs and Banking Knowledge Flashcards
50 question-and-answer cards covering General Awareness, Current Affairs and Banking Knowledge as it is examined in NABARD Grade A. 24 of them are printed below, taken from across the deck — no signup, no paywall on the preview.
24 sample cards from the General Awareness, Current Affairs and Banking Knowledge deck
Sampled from the end of the deck, so these are different cards from the ones shown on the syllabus page.
What is deposit insurance in India and what is the current cover per depositor?
Bank deposits are insured by the DICGC (Deposit Insurance and Credit Guarantee Corporation), a subsidiary of RBI. The insurance cover is up to Rs 5 lakh per depositor per bank (raised from Rs 1 lakh in 2020).
What is the Money Market and which instruments are traded in it?
The money market is for short-term funds (maturity up to one year). Instruments include Treasury Bills, Call Money, Certificates of Deposit (CDs), Commercial Paper (CP), and Repos.
What is the difference between the Money Market and the Capital Market?
The money market deals in short-term instruments (up to 1 year) for liquidity, regulated mainly by RBI. The capital market deals in long-term instruments (over 1 year) like shares and bonds for raising long-term capital, regulated by SEBI.
What are Treasury Bills (T-Bills)?
T-Bills are short-term money market instruments issued by the Government of India (through RBI) at a discount and redeemed at face value. They are issued in 91-day, 182-day, and 364-day maturities and carry no interest (zero-coupon).
What is Commercial Paper (CP)?
Commercial Paper is an unsecured, short-term money market instrument issued at a discount by large creditworthy corporations, primary dealers, and financial institutions to meet short-term funding needs.
What is the difference between the Primary Market and the Secondary Market?
In the primary market, securities are issued for the first time (e.g., IPOs) and funds go to the issuer. In the secondary market (stock exchanges), existing securities are traded among investors, providing liquidity.
What is UPI and who operates it?
UPI (Unified Payments Interface) is a real-time, instant inter-bank payment system enabling money transfer via mobile using a Virtual Payment Address (VPA). It is operated by NPCI (National Payments Corporation of India) and was launched in 2016.
What is NPCI?
NPCI (National Payments Corporation of India) is the umbrella organisation for operating retail payments and settlement systems in India. It was set up in 2008 by RBI and IBA. It operates UPI, RuPay, IMPS, NACH, AePS, FASTag, and BHIM.
What is the difference between RTGS and NEFT?
RTGS (Real Time Gross Settlement) settles transactions individually in real time and is used for high-value transfers (minimum Rs 2 lakh, no upper limit). NEFT (National Electronic Funds Transfer) settles in batches and has no minimum or maximum limit. Both now operate 24x7.
What is IMPS?
IMPS (Immediate Payment Service) is a 24x7 instant interbank electronic fund transfer service through mobile, internet, and ATM, operated by NPCI.
What is a Central Bank Digital Currency (CBDC) / the Digital Rupee (e-Rupee)?
CBDC is a legal-tender digital form of a country's fiat currency issued by the central bank. In India, the RBI launched the Digital Rupee (e-Rupee) pilots in 2022 in wholesale (e-W) and retail (e-R) segments.
What is the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
PMJDY, launched in August 2014, is the national financial inclusion mission to provide universal access to basic banking accounts (zero balance), RuPay debit card, accident insurance, and overdraft facility to the unbanked.
What is the difference between Microfinance Institutions (MFIs) and NBFCs?
NBFCs (Non-Banking Financial Companies) are companies providing banking-type financial services without a banking licence and cannot accept demand deposits. MFIs are a category of NBFC (NBFC-MFI) focused on providing small loans to low-income and rural borrowers.
What is the function of the Monetary Policy Committee (MPC) and how many members does it have?
The MPC, constituted under the RBI Act (amended 2016), is responsible for setting the policy repo rate to achieve the inflation target. It has 6 members: 3 from RBI (including the Governor as chairperson) and 3 nominated by the Government. The Governor has a casting vote.
What is India's flexible inflation targeting framework?
Under the agreement between the Government and RBI, the inflation target is 4% CPI inflation with a tolerance band of +/- 2% (i.e., 2% to 6%). The MPC aims to keep retail (CPI) inflation within this band.
What is the difference between Fiscal Deficit and Revenue Deficit?
Fiscal deficit is the excess of total government expenditure over total revenue (excluding borrowings), indicating total borrowing needs. Revenue deficit is the excess of revenue expenditure over revenue receipts.
What is the difference between Repo and Open Market Operations (OMO)?
Repo is short-term lending/borrowing by RBI for temporary liquidity adjustment. OMO is the outright buying (to inject liquidity) and selling (to absorb liquidity) of government securities by RBI in the open market, affecting durable liquidity.
What is the Atal Pension Yojana (APY)?
APY, launched in 2015, is a government-backed pension scheme primarily for workers in the unorganised sector, regulated by PFRDA. It provides a guaranteed minimum monthly pension of Rs 1,000 to Rs 5,000 after age 60 based on contributions.
What are the three Pradhan Mantri social security insurance schemes launched in 2015?
PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana - life insurance), PMSBY (Pradhan Mantri Suraksha Bima Yojana - accident insurance), and APY (Atal Pension Yojana - pension).
What is the Pradhan Mantri Fasal Bima Yojana (PMFBY)?
PMFBY, launched in 2016, is the flagship crop insurance scheme providing financial support to farmers against crop loss due to natural calamities, pests, and diseases, with low premium rates (2% for Kharif, 1.5% for Rabi food/oilseed crops).
What is the difference between Kharif and Rabi crops?
Kharif crops are sown at the start of the monsoon (June-July) and harvested in autumn (e.g., rice, maize, cotton, soybean). Rabi crops are sown in winter (October-November) and harvested in spring (e.g., wheat, barley, mustard, gram).
What is the Minimum Support Price (MSP) and who recommends it?
MSP is the guaranteed price at which the government purchases crops from farmers to protect them from price falls. It is recommended by the Commission for Agricultural Costs and Prices (CACP) and announced by the Government for notified crops.
What is the Green Revolution in India and who is regarded as its father?
The Green Revolution (mid-1960s onward) was the adoption of high-yielding variety (HYV) seeds, irrigation, fertilizers, and modern techniques that made India self-sufficient in foodgrains. M.S. Swaminathan is regarded as the Father of the Green Revolution in India; Norman Borlaug is its global father.
What is the World Bank Group and where is it headquartered?
The World Bank Group, headquartered in Washington, D.C., is an international financial institution providing loans and grants for development. Its main lending arms are the IBRD and IDA. It was established in 1944 at the Bretton Woods Conference.
What this deck covers
The General Awareness, Current Affairs and Banking Knowledge deck follows the NABARD Grade A General Awareness, Current Affairs and Banking Knowledge syllabus — 4 chapters and 12 topics — so questions land on material that is genuinely examinable rather than trivia around it. That works out to roughly 12.5 cards per chapter.
Answers are written to be recallable, not just readable — averaging about 229 characters, which is long enough to carry the reasoning and short enough to say out loud.
A deck like this earns its keep on the second and third pass. Read the syllabus first so you know the shape of the subject, then use the cards to find the specific facts that have not stuck.
General Awareness, Current Affairs and Banking Knowledge flashcards FAQ
How many General Awareness, Current Affairs and Banking Knowledge flashcards are in this NABARD Grade A deck?
50 cards. This page previews 24 of them, sampled evenly across the deck so you can judge the difficulty before installing anything.
Are these NABARD Grade A flashcards free?
Yes. The preview here is free to read with no signup, and the full 50-card deck is free inside the Examius app.
What do the General Awareness, Current Affairs and Banking Knowledge cards cover?
They follow the NABARD Grade A General Awareness, Current Affairs and Banking Knowledge syllabus — 4 chapters and 12 topics — so the questions track what is actually examinable.
How should I use these flashcards?
Read the syllabus first so you know the shape of the subject, then drill the deck. Examius schedules each card with spaced repetition, so cards you keep missing come back sooner and ones you know drift further apart.