Government schemes - Banking awareness questions on current affairs

1)   Why did the Union Government on 21st July’15 extend Interest Subvention Scheme (ISS) to Public Sector Banks (PSBs), private sector commercial banks, rural regional banks (RRBs), cooperative banks and NABARD?
- Published on 08 Sep 15

a. To ensure availability of crop loans of up to 5 lakh to farmers at 6% per annum
b. To ensure availability of crop loans of up to 10 lakh to farmers at 2.5% per annum
c. To ensure availability of crop loans of up to 3 lakh to farmers at 7% per annum
d. To ensure availability of crop loans of up to 8 lakh to farmers at 8.5% per annum
Answer  Explanation  Related Ques

ANSWER: To ensure availability of crop loans of up to 3 lakh to farmers at 7% per annum

Explanation:
The decision to continue interest subvention on short term crop loans was taken by the Union Cabinet chaired by Prime Minister Narendra Modi for the fiscal 2015-16.


2)   With which bank, the Government of India on 28th July’15 signed a $300 million loan to support the government’s flagship program, the National Urban Health Mission (NUHM)?
- Published on 08 Sep 15

a. Asian Development Bank
b. World Bank
c. BRICS Bank
d. European Central Bank
Answer  Explanation  Related Ques

ANSWER: Asian Development Bank

Explanation:
The loan – Supporting National Urban Health Mission – will reinforce ongoing government efforts under the NUHM to develop health systems in urban areas that can deliver quality health services and that reach the urban poor and vulnerable. It will focus on strengthening primary health care and also promote better coordination between health and urban sectors and opportunities for public-private partnerships.

NUHM is aimed at improving the health status of the country’s urban population.


3)   Name the Scheme to empower and enable minority youths announced in the budget 2015-16?
- Published on 20 Jul 15

a. Alpsankhyank Yuva Yojana
b. Minority Welfare Scheme
c. Nai Manzil
d. None of these
Answer  Explanation  Related Ques

ANSWER: Nai Manzil

Explanation:
An integrated education and livelihood scheme called Nai Manzil will be launched this year to enable minority youth who do not have a formal school-leaving certificate to obtain one and find better employment.


4)   Which of the following are benefited through the Reserve mortgage scheme?
- Published on 19 Oct 15

a. Government employees
b. Minors
c. Senior citizens
d. All the above
Answer  Explanation 

ANSWER: Senior citizens

Explanation:
Some financial institutions that provide the scheme in India are Dewan Housing Finance, State Bank of India, Punjab National Bank, Bank of Baroda, Central Bank of India, Union Bank of India, LIC Housing Finance, Indian Bank, Andhra Bank, Corporation Bank, Canara Bank.


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