Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

NABARD Agri > Concepts > Flashcards

Concepts Flashcards

SHG, FPO, Green Bonds, Dev Banks, e-Nam

1
Q

What are SHGs?

A

Self governed, peer controlled, informal group with similar socio-economic background, having a desire to collectively perform common purpose
SHG = informal Womens group + common purpose -> women empowerment + rural development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Examples of SHG?

A

Kudumbashree in Kerala, Rangabelia Mohila Samity in Sundarban, SEWA

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

SHGs directly or indirectly work as?

A

Engines of empowerment and rural development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

NABARDs contribution for SHGs

A
  • SHG-Bank Linkage Programme (Financial Inclusion)
  • Women SHG Development Fund
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

How is government promoting SHG formation and functioning?

A
  • Minimal Paper work
  • Schemes & programmes
  • Collateral Free Loans
  • Digitisation of SHGs through initiatives like E-Sakhi
  • Giving recognition through different platforms
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Why are SHGs important?

A
  • Nearly half the population is made up of women
  • 70% of population resides in rural areas.
    target group
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are the Development Banks present in India?

A

NABFID, NABARD, EXIM, SIDBI, IIBI, IDBI, IIFI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are Development banks?

A

Financial institutions that provide long-term credit for capital-intensive investment
At low stable rates

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Development banks are aka

A

Term lending institutions
Development finance institutions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Banks that mobilise short to medium term deposits and lend for similars maturities to avoid maturity mismatch

A

Commercial Banks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

NABARD formed in?

A

July 1982

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

EXIM formed in?

A

1982

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

SIDBI formed in?

A

1990

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

IIBI formed in?

A

1972

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

IDBI formed in?

A

1964

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

IFCI formed in?

A

1948
oldest

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

NBFID formed in?

A

2021
Newest

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What are the categories of Development Banks?

A

National - SBI
Sector Specific - NABARD
Investment Type - LIC and GIC
State Level - WBFC (for MSME - 1954)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Which report of Wold Bank is devoted to the theme of importance of long term finance?

A

Global Financial Development Report (2015)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Investment in Infrastructure has a multiplier effect, how?

A

Investment in infrastructure = inc in public demand + revives economy.
Especially valid during the lockdown

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

NBFID full form?

A

National Bank for Financial Infrastructure & Development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

NBFID was created to be?

A

The principle Development Finance Institution (DFI)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

What loan amount was given by NABARD to which state government in Jan to build hospitals

A

Rs. 1329.23 crore to Andhra

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Economic Development equation

A

Economic Development = Economic Growth + Human Development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Which article in the constitution led to the genesis of Green Bonds in India?

A

Art 48A
Calls for preservation of environment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Policies and Guidelines that led to the genesis of Green Bonds?

A

NAPCC - National Action Plan for CLimate Change
NDC - Nationally Determined Contribution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

1st countries that started Green Bonds?

A

France & Poland
In 2017

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

When was Green Bonds announced in India?

A

Union Budget 2022-23

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

First Green Bonds were floated by?

A

by Indore Municipal Corporation
through National Stock Exchange (NSE)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

Sovereign Green Bonds, backed by GoI, were 1st floated by?

A

RBI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

What are the names of RBI Sovereign Green Bonds?

A

2028 & 2033 Series

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

Characteristics of Green Bonds?

A
  • Long term securities
  • Tradable
  • Carry coupon rate
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

Green Bond Framework is created by?

A

Department of Economic Affairs
under Ministry of Finance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

How many components are there in Green Bond Framework as per the guidelines of?

A

4 components
as per the guidelines of International Capital Market Association (ICMA)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
35
Q

What is the 1st component of the Green Bond Framework?

A

Use of Proceeds
- Encourages Energy Efficiency in resource utilisation
- Reduces carbon emissions & greenhouse gases
- Promotes climate resilience and/or adoption
- Values & improves natural ecosystems & biodiversity, especially in accordance with SDG

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
36
Q

What are the 4 components of Green Bond Framework by ICMA?

A

UPMR - upma with an r
1. Use of Proceeds
2. Project Evaluation & Selection
3. Management of Proceeds
4. Reporting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
37
Q

Which body is responsible for project evaluation & selection in the Green Bond Framework

A

Green Finance Working Committee (GFWC)
by Ministry of Finance

38
Q

Who is the chair of the GFWC?

A

Chief Economic Advisor of GoI

39
Q

Where do proceeds of the Green Bond Framework go?

A

To the consolidated Funds of India

40
Q

Who keeps track of the proceeds under Green Bonds?

A

Public Debt Management Cell (PDMC)

41
Q

Who coordinates the preparation of reports under the Green Bond Framework?

A

Department of Economic Affairs
Ministry of Finance

42
Q

What is the government outlay for the FPO scheme?

A

Rs. 6,965 crore

43
Q

What led to the genesis of FPO formation?

A
  • To promote cooperation among cooperatives - better managerial efficiency
  • To give say to the 85% small & marginal farmers
44
Q

FPOs are registered under?

A

Part IXA of Companies Act 2013 or
Cooperative Societies Act

45
Q

What is the target for the number of FPOs to be established?

A

10,000
with 15% from Aspirational Districts

46
Q

What is the advisory body in the FPO scheme?

A

NPMA by SFAC
Small Farmer’s Agribusiness Consortium

47
Q

Which body in FPO initiative oversees implementation and releases funds?

A

NPMA
National Project Management Agency

48
Q

Executive, on-ground functions, for FPO formation - conducting surveys and mobilising farmers into groups of 10-20, is done by?

A

Cluster Based Business Organisation (CBBO)

49
Q

Types of groups that can be formed by farmers under FPO with the help of CBBO?

A

5 types:
SHG, FIG - Farmer Interest Group,
Farmer Club, JLG - Joint Liability Group, RMG - Rythu Mitra Group

50
Q

What are the steps involved in the formation of FPOs?

A

FSN-DP
Forming, Storming, Norming, Developing, Performing

51
Q

How many of these groups, formed by CBBOs, come together to form the legal entity that is an FPO?

A

15-20 such groups
encompassing 300/100 farmers in plains/hills

52
Q

What is the number of farmers per FPO that the government wants and that mandated in the constitution?

A

GoI: 500/200
Section 581(C) Companies Act 2013: 10+

53
Q

Facilities that FPOs receive?

A
  1. Financial Support
  2. 5-year hand-holding support from CBBOs
54
Q

What is the Financial Assistance FPOs receive?

A
  • 18L / FPO for 3 years
  • Rs. 2000/ farmer equity grant (Rs. 15 L per FPO ceiling)
  • Credit guarantee facility upto Rs. 2 crore / FPO
55
Q

e-NAM was established in?

A

April 4, 2016

56
Q

Full form of MSP

A

Minimum Support Price

57
Q

What is MSP? (Definition)

A

A Market Intervention
by the Government to protect poor farmers
from malpractices of the mandi system and also market forces

58
Q

How did MSP evolve?

A

Through Tech reforms in Agriculture
Through changing cropping pattern of India

59
Q

When was MSP introduced in India?

A

1966-67

60
Q

Why excess production from technological reforms in agricultur, caused farmers to face losses?

A
  1. By the basic laws of economics:
    Increase in supply, declined prices,
    hence profits for farmers
  2. Middle men in APMCs: cartelisation
    where farmers are forced to sell at even lower prices triggering distress sales
61
Q

Why was MSP introduced in the first place?

A

It was a need of the time -
To protect the 85% small and marginal farmers from market forces and distress sales

62
Q

In current times, why is MSP discouraged?

A
  • Regional imbalances: Implementation is not uniform,
  • Market Distortion - It doesn’t rectify the problem of middle men but distorts demand and supply rates
  • Food Inflation - Essential items are often sold at higher prices than international prices
  • India a WTO signatory - WTO does not recommend. India at risk of violating the 10% subsidy norm
  • A short term solution to a long term problem
63
Q

Who recommended MSP?

A

CACP
Commission of Agricultural Costs & Prices

64
Q

Who Approves MSP?

A

CCEA

65
Q

Current economics of MSP?

A

1.5 x (A2 + FL)

66
Q

Economy of MSP recommended by the Swaminathan Committee?

A

1.5 X (C2 + 50%)
Also the demand of farmer

67
Q

What does Cost A1 mean in Agricultural Cost Economics?

A

Value of inputs + taxes
Value of hired human labour, value of hired bullock carts, value of owned machine labour, value of seed, etc

68
Q

What does Cost A2 of Agricultural Economic Cost mean?

A

A1 + Rent paid for leased land
(What government considers)

69
Q

Cost B1 of Agricultural Economic Costs means? (notimp)

A

A1 + interest value of owned fixed capital assets (excluding land)

70
Q

Cost B2 of Agricultural Economic Costs means? (notimp)

A

B1 + Rental value of owned land (net land revenue) + Rent paid for leased land

71
Q

Cost C1 of Agricultural Economic Costs means?

A

B1 + value of Family Labour (FL)

72
Q

Cost C2 of Agricultural Economic Costs means?

A

B2 + imputed value of Family Labour (FL)
Recommended by Swaminathan Committee

73
Q

When was the Swaminathan Commission formed?

A

Nov 2004

74
Q

Determinants of MSP are?
(remember upto 8)

A
  1. Cost of Production
  2. Changes in input prices
  3. Input Output price parity
  4. Demand & Supply
  5. Intercrop price Parity
  6. Effect on General Price Level
  7. International Price Situation
  8. Parity between price paid and received by farmers
  9. Effect on issue prices and implications for subsidy
  10. Effect on industrial cost structure
75
Q

What does the Commission take into account when formulating the recommendation in respect to MSP or other non-price agri measures?

A
  • Comprehensive view of the entire structure of the economy of a particular commodity or its group
  • other determinants
76
Q

Why should MSP not be legalised?

A
  1. Flawed Arithmetic
  2. Benefit a drop in the ocean
  3. High inventory cost - high fiscal burden
  4. Trade Distortion
  5. Crop & Regional imbalances
  6. Degradation of environment
  7. Fanning Inflation
77
Q

Why should MSP be legalised?

A
  1. Provide price support during Distress Sales
  2. Decision Making - MSP announced before sowing
  3. Benchmark for Open Market - 1/3rd produce sold in open market
  4. Maintaining Buffer Stock
  5. Swift running of welfare schemes like PMGKY & TPDS
  6. Give a say to 85% Small & Marginal Farmers in India
78
Q

The farmer is the only man in our economy who buys everything at retail, sells everything at wholesale and pays the freight both ways

A

John F. Kennedy
irony of the indian economic system

79
Q

If Agriculture goes wrong, nothing else will have a chance of going right

A

M.S. Swaminathan

80
Q

MSP of Wheat for 2024-25 hiked by?

A

Rs. 150/quintal

81
Q

MSP of Wheat for 2024-25?

A

Rs. 2275/quintal
(150 hike)

82
Q

The highest absolute increase in MSP over the previous year has been recommended for?

A

Pulses & Oilseeds

83
Q

MSP of Pulses & Oilseeds hiked by?

A

Rs 425 per quintal (about 7.08%)
Rs 200 per quintal (about 3.66%) for rapeseed-mustard

84
Q

MSP of Pulses & Oilseeds?

A

P = Rs. 6425
O = Rs. 5650

85
Q

Who approves FRP?

A

CCEA

86
Q

What is FRP of sugarcane?

A

Rs. 340/quintal at 10.45% recovery

87
Q

What is the increase in FRP this fiscal?

A

8%

88
Q

What is the FRP value for higher/increase or lower recovery?

A

0.1% at Rs. 3.32
Assured minimum FRP Rs. 315.1/q

89
Q

IREDA establish in which year and who is their CMD?

A

Founded on 1987
CMD: Pradip Kumar Das

90
Q

RBI’s responsibility towards monetary policy is mandated by?

A

Reserve Bank of India Act, 1934

Monetary policy is concerned with supply of money, i.e. controlling inflation, ensuring liquidity - it is about demand and supply

91
Q

Expenditure side reforms?

A

FRBM Act 2003

Fiscal Responsibility & Budget Management Act 2003 - Vajpayee government

92
Q

Headquarter of ADB?

A

Manilla

93
Q

Chairperson of ADB

A

Masatsugu Asakawa
5 year term from 2021

NABARD Agri (9 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions