The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank (Transfer of Public Ownership) Act, 1948. Since then, RBI started working as a government owned central bank of India. It was founded on 1 April 1935.

Correct Option: A

The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank (Transfer of Public Ownership) Act, 1948. Since then, RBI started working as a government owned central bank of India. It was founded on 1 April 1935.

NABARD stands for National Bank for Agriculture and Rural Development. It is an apex development bank in India having headquarters based in Mumbai (Maharashtra). It was established on 12 July 1982 and accredited with matters credit for agriculture and other economic activities in rural areas in India.

Correct Option: B

NABARD stands for National Bank for Agriculture and Rural Development. It is an apex development bank in India having headquarters based in Mumbai (Maharashtra). It was established on 12 July 1982 and accredited with matters credit for agriculture and other economic activities in rural areas in India.

SIDBI stands for Small Industries Development Bank of India. It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. It was set up on April 2, 1990 through an act of parliament.

Correct Option: B

SIDBI stands for Small Industries Development Bank of India. It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. It was set up on April 2, 1990 through an act of parliament.

Net Factor Income from Abroad (NFIA) refers to income generated by nationals abroad in the form of wages, salaries, rent, interest, dividend and profit. It has the following three components: (a) Net compensation of employees; (b) Net income from property i.e., rent, interest and income from entrepreneurship (that is, profits and dividends); and (c) Net retained earnings of the resident companies working in foreign countries. Profits earned by Indian banks functioning abroad come under ‘income from entrepreneurship.’

Correct Option: A

Net Factor Income from Abroad (NFIA) refers to income generated by nationals abroad in the form of wages, salaries, rent, interest, dividend and profit. It has the following three components: (a) Net compensation of employees; (b) Net income from property i.e., rent, interest and income from entrepreneurship (that is, profits and dividends); and (c) Net retained earnings of the resident companies working in foreign countries. Profits earned by Indian banks functioning abroad come under ‘income from entrepreneurship.’

Pradhan Mantri Krishi Seenchayi Yojana will converge with rural development schemes like Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and other schemes of agriculture ministry and land resources department. This will help in creating more irrigation assets.

Correct Option: A

Pradhan Mantri Krishi Seenchayi Yojana will converge with rural development schemes like Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and other schemes of agriculture ministry and land resources department. This will help in creating more irrigation assets.