Banking · solved example
What does NEFT stand for?
- National Electronic Funds TransferCorrect
- Net Electronic Fund Transfer
- New Electronic Fund Transaction
- National Exchange for Transfer
Solution
NEFT is National Electronic Funds Transfer.
Banking | NABARD Development Assistant
NABARD Development Assistant sets 50 General Awareness questions for 50 marks across 2 stages, so it is worth planning your preparation around the topics below.
This is the most scoring section per minute because there is nothing to work out — you either know it or you do not. Banking and current affairs of the last six months dominate, so a steady daily habit beats last-minute cramming, and static facts (polity, history, geography) fill the rest.
How much General Awareness is worth in each NABARD Development Assistant stage, from the official pattern.
| Stage | Questions | Marks | Time | Share |
|---|---|---|---|---|
| Preliminary Examination | 20 | 20 | — | 17% |
| Main Examination | 30 | 30 | — | 20% |
Every topic in the official syllabus. The linked ones open a set of solved questions you can practise straight away.
Written to the NABARD Development Assistant pattern, with the answer key and the method behind it — a look at how the section is actually set before you drill the full topic sets.
Banking · solved example
What does NEFT stand for?
Solution
NEFT is National Electronic Funds Transfer.
Payments · solved example
RTGS stands for:
Solution
RTGS stands for Real Time Gross Settlement, used for high-value transfers settled individually in real time.
Currencies · solved example
What is the currency of the United Kingdom?
Solution
The currency of the United Kingdom is the Pound Sterling. The United Kingdom did not adopt the Euro used by many other European countries.
Deposit insurance · solved example
The maximum deposit insurance cover per depositor per bank under the DICGC is:
Solution
Since 2020 the DICGC insures deposits up to ₹5 lakh per depositor per bank, covering principal and interest.
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Untimed drills with the method shown after every question — the step between learning a topic and sitting it under a clock.
General Awareness shows up in every NABARD Development Assistant mock test, in the same interface, with sectional locking and negative marking.
NABARD Development Assistant: 30-question practice mock
30 questions | 30 min
NABARD Development Assistant 2026-27 cycle sets 50 General Awareness questions for 50 marks, split across 20 in the Preliminary Examination and 30 in the Main Examination.
Yes. NABARD Development Assistant deducts one fourth of a mark for each wrong answer, General Awareness included, so unsure guesses cost you. One fourth of the marks assigned to a question is deducted for a wrong answer.
The NABARD Development Assistant syllabus lists NABARD: establishment, mandate, functions and refinance role, Rural credit structure, cooperative banks and Regional Rural Banks, Agriculture: cropping patterns, irrigation and allied activities, Rural development schemes and self-help group financing, Kisan Credit Card, priority sector lending and financial inclusion, Reserve Bank of India functions and basic banking awareness and more. Weight your revision towards the ones you are weakest on and confirm the emphasis against the paper analysis for recent cycles.
Every General Awareness question on this site is free and written to the exam pattern. Use the topic drills for instant-feedback practice, the daily quiz to keep the section warm, and the NABARD Development Assistant mock tests to sit it under a real clock with negative marking.