The duration of the 12th Five Year Plan is 1 April 2012 to 31 March 2017. The Eleventh Five Year Plan covered the period from 1 April 2007 to 31 March 2012.

Correct Option: D

The duration of the 12th Five Year Plan is 1 April 2012 to 31 March 2017. The Eleventh Five Year Plan covered the period from 1 April 2007 to 31 March 2012.

NABARD stands for National Bank forAgriculture and Rural Development. It was established on 12 July 1982 by a special Act of parliament to focus on upliftment of rural India by increasing the credit flow for elevation of agriculture & rural non farm sector. It is headquartered in Mumbai (Maharashtra).

Correct Option: A

NABARD stands for National Bank forAgriculture and Rural Development. It was established on 12 July 1982 by a special Act of parliament to focus on upliftment of rural India by increasing the credit flow for elevation of agriculture & rural non farm sector. It is headquartered in Mumbai (Maharashtra).

The Reserve Bank of India (RBI) is known as the Lender of Last Resort. This is because when a commercial bank faces financial crisis and fails to obtain funds from other sources, then the central bank provides them with the financial assistance in the form of credit. This role of the central bank saves the commercial bank from bankruptcy. Thus, the RBI plays the role of guarantor for the commercial banks and maintains a sound banking system in the economy.

Correct Option: D

The Reserve Bank of India (RBI) is known as the Lender of Last Resort. This is because when a commercial bank faces financial crisis and fails to obtain funds from other sources, then the central bank provides them with the financial assistance in the form of credit. This role of the central bank saves the commercial bank from bankruptcy. Thus, the RBI plays the role of guarantor for the commercial banks and maintains a sound banking system in the economy.

Union Government on 25 September 2014 launched Deen Dayal Upadhyay Antyodaya Yojana for alleviating urban and rural poverty through enhancement of livelihood opportunities through skill development and other means. The Yojana aims at training 10 lakh (1 million) rural youths for jobs in three years, that is, by 2017.

Correct Option: A

Union Government on 25 September 2014 launched Deen Dayal Upadhyay Antyodaya Yojana for alleviating urban and rural poverty through enhancement of livelihood opportunities through skill development and other means. The Yojana aims at training 10 lakh (1 million) rural youths for jobs in three years, that is, by 2017.

The independent review committee headed by Dr. P. Rama Rao was set up to review the functioning of Defence Research and Development Organisation (DRDO). The following recommendations of the committee were accepted by the government: (i) nomination of nodal officers for structured interaction between DRDO and Services; (ii) Integrated Financial Advice Scheme for financial decentralization; etc.

Correct Option: B

The independent review committee headed by Dr. P. Rama Rao was set up to review the functioning of Defence Research and Development Organisation (DRDO). The following recommendations of the committee were accepted by the government: (i) nomination of nodal officers for structured interaction between DRDO and Services; (ii) Integrated Financial Advice Scheme for financial decentralization; etc.