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Quiz - NABARD Annual Report 2022 -

2023
Section 1
Q.1) What is India’s growth in gross domestic product (GDP) in FY2023 according to the NABARD Annual
Report 2022-23?

[A] 7.9%
[B] 7.3%

[C] 7.2%

[D] 8.8%

[E] 9.1%

Q.2) According to the NABARD Annual Report 2022-23, consider the following statement(s) regarding the
sectoral trends in gross value-added growth:

a. While the growth of the industry sector moderated to 2.4% in FY 2023 compared to 10.5% growth in FY
2022, the agriculture and allied sector registered a robust growth of 4% in FY 2023.

b. The manufacturing sector, which contributes 80% to the industry sector, has grown by just 1.3%,
slowing down industry as a whole.

c. The services sector, accounting for 53.8% of the Indian economy, has grown by 9.6% in FY 2022 and
maintained its pace of growth at 9.5% in FY 2023.

Choose the correct answer from the following options:

[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.3) According to the NABARD Annual Report 2022-23, what is the compound annual growth rate (CAGR)
during the 5-year period ending FY2023?

[A] 4.9%
[B] 5.3%

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[C] 4.5%

[D] 2.9%

[E] 4.0%

Q.4) According to NABARD Annual Report 2022-23, which of the following statement(s) is/are correct
regarding the millet production?

a. India is the largest millet producer in the world, with a share of 44%, followed by China (~9%) and Niger
(~7%).

b. In India, millets are primarily a kharif crop mostly grown in rainfed conditions, demanding less water
and agricultural inputs than other staple crops.
c. In fact, in India, only 11.1% area under jowar and 15% area under bajra is irrigated, clearly indicating
huge yield increase potential with expansion of irrigation.

Choose the incorrect answer from the following options:

[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.5) According to NABARD Annual Report 2022-23, which of the following SDGs can be attained through
promotion of millet cultivation in India?
[A] SDG 2

[B] SDG 3

[C] SDG 8

[D] SDG 12

[E] All of the above

Q.6) According to NABARD Annual Report 2022-23, which of the following statement(s) is/are correct
regarding the Agro-ecological transformation through JIVA?

a. JIVA is an agro-ecological transformation programme that was launched to pioneer and scale up
agroecology as a strategic and transformational approach in watershed and wadi projects, leveraging the
pre-existing natural and social capital.

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b. Designed according to the framework of the Food and Agricultural Organization of the United Nations
on agroecology, natural farming practices under JIVA promote diversified climate resilient crop
systems(crops–livestock–trees), rejuvenation of biological processes, natural methods of pest and
nutrient management, and efficient management of rainfall and soil moisture.

c. During FY2023, 25 JIVA projects have been sanctioned across 11 states, including watershed and tribal
(wadi) areas, covering five agroecological zones in vulnerable rainfed areas.

Choose the incorrect answer from the following options:

[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.7) According to the NABARD Annual Report 2022-23, which of the following statement(s) is/are correct
regarding the off-farm sector:
a. As on 31 March 2023, NABARD sanctioned a grant assistance of ₹37.9 crore for the promotion and
development of 72 OFPOs in 27 states covering 22,530 beneficiaries, of which 18 are all-women
organisations with a total of 6,890 members.

b. In FY2023, NABARD introduced a scheme for follow-on support to existing OFPOs.

c. Seven projects have been shortlisted in the areas of eco-homestay tourism, farm tourism, banana fibre
extraction, start-up accelerator programmes, etc.

[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.8) According to NABARD Annual Report 2022-23, consider the following statements regarding the Rural
Infrastructure Development Fund:

a. During FY2023 (RIDF Tranche XXVIII), NABARD received an allocation of ₹39,527 crore, a 32.8% hike
over FY2022.

b. Though 49% of all projects were in the social sector, the project values were smaller, constituting 26%
of funds sanctioned.

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c. This is aligned with the disbursement trends, with agriculture and irrigation related projects accounting
for 53% of disbursements, followed by rural connectivity (29%) and social sector projects (18%) during the
FY2021–FY2023.
Choose the incorrect answer from the following options:
[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.9) Which of the following statement(s) is/are correct regarding the new initiatives during FY 2023 by
NABARD related to rural development according to NABARD Annual Report 2022-23?

a. NABARD contributed to the state share of flagship GOI schemes by sanctioning projects worth ₹4,734
crores under Jal Jeevan Mission and ₹1,752 crores under PM-Kusum Yojana from RIDF Tranche XXVIII.

b. In order to support state governments in mitigating climate change impact, loans for renewable energy
projects worth ₹314 crores were sanctioned.

c. As on 31st March 2023, cumulative sanction under RIPF Rural Infrastructure Promotion Fund (RIPF)
stood at ₹75.2 crores and disbursement at ₹49.4 crores.

[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.10) According to NABARD Annual Report 2022-23, which of the following statement(s) is/are correct
regarding the Long Term Irrigation Fund (LTIF)?

a. As on 31st March 2023, central share of ₹46,495.9 crore has been sanctioned, out of which ₹26,500.6
crore has been disbursed.

b. Similarly, of the state share of ₹38,792.5 crore sanctioned, ₹32,245.2 crore has been disbursed.

c. Of the 34.6 lakh hectare (ha) irrigation potential augmentation targeted through LTIF support, 24.4 lakh
ha has been achieved during 2016–2022.

[A] a and b only

[B] a and c only

[C] b and c only

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[D] All of the above

[E] None of the above

Q.11) According to the NABARD Annual Report 2022-23, which of the following statement(s) is/are correct
regarding the State Focus Paper (SFP) on credit planning?

a. The SFP projection for FY2024, under the priority sector across all states is ₹48.2 lakh crore, of which
the share of agriculture is 47%.

b. During FY2023, ₹21.7 lakh crore has been disbursed (provisional) for the agriculture sector against the
target of ₹18.5 lakh crore, registering 117% achievement.

c. Agriculture credit target for FY2024 has been fixed at ₹20 lakh crore.
[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.12) According to the NABARD Annual Report 2022-23, for supporting sustainable solutions in the form
of digital technologies to overcome issues plaguing agriculture and rural development, a Technology
Facilitation Fund with a corpus of ₹ ____ crore has been created under Section 45 of the NABARD Act,
1981, drawn from the Bank’s profits for FY2023.

[A] 40
[B] 50

[C] 30

[D] 20

[E] None of the above

Q.13) According to NABARD Annual Report 2022-23, consider the following statement(s) regarding
Enhanced CAMELSC supervisory framework of NABARD:
a. A new supervisory rating model has been developed to rate the banks based on the E-CAMELSC
parameters.

b. The E-CAMELSC approach focuses mainly on risk management practices at the SE level.

c. The Board of Supervision has approved the roll out of E-CAMELSC to 194 banks from FY2024.

Choose the incorrect answer from the following options:

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[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.14) According to NABARD Annual Report 2022-23, which of the following statement(s) is/are correct
regarding the fund management of NABARD?

a. On 31 March 2023, NABARD’s paid-up capital rose to ₹17,080 crore, against an authorized share capital
of ₹30,000 crore.
b. As the overall business horizon of NABARD has expanded, capital, reserves, and NRC funds in absolute
terms has registered the growth of 52.4%.

c. During FY2023, NABARD contributed ₹1 crore each to the NRC Long Term Operations (LTO) Fund and
the NRC (Stabilization) Fund.

[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.15) According to NABARD Annual Report 2022-23, The Government of India (GOI) allocated ₹ _____
crores for Rural Infrastructure Development Fund (RIDF) in FY2023.

[A] 40,000

[B] 45,000

[C] 30,000

[D] 35,000

[E] None of the above

Q.16) According to NABARD Annual Report 2022-23, which of the following statement(s) is/are correct
regarding the performance of NABARD subsidiaries in FY2023?

a. NABKISAN recorded a balance sheet size of ₹2,114 crore in FY2023, achieving a growth rate of 43% over
FY2022.

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b. During FY2023, the asset size of NABSAMRUDDHI crossed ₹1,000 crore, taking the company to the
‘middle-layer’ under RBI’s scale-based regulation for NBFCs.

c. NABCONS has grown exponentially over the last 3 years and in FY2023, it joined the ₹100 crore
turnover consultancy club with total revenue at ₹141.9 crore, registering a growth of 45% over FY2022.
[A] a and b only

[B] a and c only

[C] b and c only

[D] All of the above

[E] None of the above

Q.17) According to NABARD Annual Report 2022-23, under the Long-Term Irrigation Fund (LTIF), NABARD
borrowed ₹______ crores as NABARD-serviced bonds during FY 2023.

[A] 2500

[B] 1500

[C] 3000
[D] 2000

[E] None of the above

Q.18) According to NABARD Annual Report 2022-23, consider the following statement(s) regarding the
Regional Rural banks (RRBs):

a. Regional rural banks (RRBs) are a unique category of RFIs set up to attain the goal of financial inclusion.
b. Of the RRB branches, 92% are in rural/semi-urban areas.

c. FY 2023 was a watershed year with the infusion of ₹10,890 crores into RRBs, including GOI’s 50% share
of ₹5,445 crores.

Choose the incorrect answer from the following options:

[A] a and b only

[B] b and c only

[C] a and c only

[D] All of the above

[E] None of the above

Q.19) According to the NABARD Annual Report 2022-23, the share of agricultural loans in the total loan
portfolio of StCBs increased from 44% as on 31 March 2021 to _____% as on 31 March 2022.

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[A] 48

[B] 46

[C] 50
[D] 52

[E] None of the above

Q.20) According to the NABARD Annual Report 2022-23, the share of agricultural loans in total loan
portfolio of DCCBs increased from 53.4% as on 31st March 2021 to ­____% as on 31st March 2022.

[A] 56.2

[B] 55.5
[C] 58.4

[D] 59.3

[E] None of the above

Quiz - NABARD Annual Report 2022 -

2023
Answers
Section 1
Q.1)C Q.2)D Q.3)E Q.4)E Q.5)E Q.6)E Q.7)D Q.8)E Q.9)D Q.10)D Q.11)D Q.12)B

Q.13)E Q.14)D Q.15)A Q.16)D Q.17)D Q.18)E Q.19)B Q.20)B

Quiz - NABARD Annual Report 2022 -

2023
Explanations
Section 1
Q.1) Explanation:

· India’s GDP has grown at a rate of 7.2% (in real terms) in FY2023, which is less than the growth rate
in FY2022 (9.1%), mainly due to the base effect

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· Hence option 3 is the answer.

Q.2) Explanation:
Sectoral trends in gross value-added growth:

· India’s gross value added (GVA) growth at constant prices is estimated at 7% in FY 2023.

· While the growth of the industry sector moderated to 2.4% in FY 2023 compared to 10.5% growth
in FY 2022, the agriculture and allied sector registered a robust growth of 4% in FY 2023.

· The manufacturing sector, which contributes 80% to the industry sector, has grown by just 1.3%,
slowing down industry as a whole.

· The services sector, accounting for 53.8% of the Indian economy, has grown by 9.6% in FY 2022 and
maintained its pace of growth at 9.5% in FY 2023.

· Hence option 4 is the answer.

Q.3) Explanation:

· During the pandemic, India’s agriculture sector grew at the rate of 3.3% (FY2021) and 3.5%
(FY2022). Maintaining the positive momentum, in FY2023, it has grown at a rate of 4%. The compound
annual growth rate (CAGR) during the 5-year period ending FY2023 is 4%.

· Hence option 5 is the correct answer.

Q.4) Explanation:

· All of the above mentioned statements are correct.

· Hence option 5 is the answer.

Q.5) Explanation:
· All the above mentioned SDGs can be attained through promotion of millet cultivation in India

· Hence option 5 is the answer.

Q.6) Explanation:

· All the statements regarding JIVA are correct.

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· Hence option 5 is the answer.

Q.7) Explanation:

· All the statements are correct.

· Hence option 4 is the answer.

Q.8) Explanation:

· All the statements regarding the RIDF are correct.

· Hence option 5 is the answer.

Q.9) Explanation:

· All the statements regarding the NABARD initiatives are correct.

· Hence, option 4 is the answer.

Q.10) Explanation:

· All the statements are correct regarding the LTIF.

· Hence option 4 is the answer.

Q.11) Explanation:

· All the statements regarding the SFP are correct.

· Hence option 4 is the answer.

Q.12) Explanation:

· For supporting sustainable solutions in the form of digital technologies to overcome issues plaguing
agriculture and rural development, a Technology Facilitation Fund with a corpus of ₹ 50 crores has been
created under Section 45 of the NABARD Act, 1981, drawn from the Bank’s profits for FY2023.

· Hence option 2 is correct.

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Q.13) Explanation:

· All the statements regarding the E – CAMELSC are correct.

· Hence, option 5 is the answer.

Q.14) Explanation:
Capital, reserves, and NRC funds:

· On 31 March 2023, NABARD’s paid-up capital rose to ₹17,080 crore, against an authorized share
capital of ₹30,000 crore. In the last 5 years, NABARD’s balance sheet size has almost doubled from ₹4.1
lakh crore to ₹8 lakh crore.

· As the overall business horizon of NABARD has expanded, capital, reserves, and NRC funds in
absolute terms has registered the growth of 52.4%.

· However, its share in total balance sheet has witnessed a nominal decrease in the last 5 years,
indicating diversification of NABARD’s overall sources of funds over a period of time. During FY2023,
NABARD contributed ₹1 crore each to the NRC Long Term Operations (LTO) Fund and the NRC
(Stabilization) Fund.

· These funds also received matching contributions from the Reserve Bank of India (RBI).

· Hence option 4 is the answer.

Q.15) Explanation:

· The Government of India (GOI) allocated ₹40,002 crores for RIDF in FY2023.

· Hence option 1 is the answer.

Q.16) Explanation:

· All the statements regarding the subsidiaries of NABARD are correct.

· Hence option 4 is the answer.

Q.17) Explanation:

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· Under the Long-Term Irrigation Fund (LTIF), NABARD borrowed ₹2,228.8 crore as NABARD-serviced
bonds during FY 2023.

· Hence option 4 is the answer.

Q.18) Explanation:

· All the statements regarding the RRBs are correct.

· Hence option 5 is the answer.

Q.19) Explanation:

· The share of agricultural loans in the total loan portfolio of StCBs increased from 44% as on 31
March 2021 to 46% as on 31 March 2022.

· Hence option 2 is the answer.

Q.20) Explanation:

· The share of agricultural loans in total loan portfolio of DCCBs increased from 53.4% as on 31 March
2021 to 55.5% as on 31 March 2022.

· Hence option 2 is the answer.

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