The Reserve Bank of India on 25 June 2015 extended the deadline for exchanging pre-2005 currency notes of various denominations, including of Rs 500 and Rs 1,000, till December 31, 2015. The rationale behind the move to withdraw banknotes printed prior to 2005 is to remove them from the market because they have fewer security features compared with banknotes printed after 2005.

Correct Option: B

The Reserve Bank of India on 25 June 2015 extended the deadline for exchanging pre-2005 currency notes of various denominations, including of Rs 500 and Rs 1,000, till December 31, 2015. The rationale behind the move to withdraw banknotes printed prior to 2005 is to remove them from the market because they have fewer security features compared with banknotes printed after 2005.

Garibi Hatao desh bachavo (Abolish Poverty to rescue the country) was the theme and slogan of Indira Gandhi’s 1971 election bid. It was part of the 5th Five Year Plan. The plan prepared by D. Dhar proposed to achieve two main objectives viz, ‘removal of poverty’ (Garibi Hatao) and ‘attainment of self reliance’.

Correct Option: C

Garibi Hatao desh bachavo (Abolish Poverty to rescue the country) was the theme and slogan of Indira Gandhi’s 1971 election bid. It was part of the 5th Five Year Plan. The plan prepared by D. Dhar proposed to achieve two main objectives viz, ‘removal of poverty’ (Garibi Hatao) and ‘attainment of self reliance’.

National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector. It has been accredited with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”.

Correct Option: D

National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector. It has been accredited with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”.

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 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.