MINDMAPS FOR UPSCPET 2026 · VISUAL REVISION
Match the institution to its economic role
Distinguish RBI, SBI, NABARD, IMF, NFFWP (2004) and the e-Shram portal (2021) by mandate and origin
Banking, Rural Credit, Labour & Global Finance
RBI: central bank
- Conducts monetary policy and regulates banking within its legal mandate.
- Policy instruments influence liquidity and interest-rate conditions.
- A central bank’s role differs from an ordinary retail commercial bank’s.
SBI: commercial banking
- The Imperial Bank became the State Bank of India on 1 July 1955.
- Commercial banks accept deposits and extend loans.
- Government ownership does not make SBI the monetary-policy authority.
NABARD: rural development finance
- Established in 1982 for agriculture and rural development finance.
- Recommended by CRAFICARD, chaired by B. Sivaraman.
- Supports rural credit institutions through refinance and development functions.
IMF: international monetary role
- Promotes international monetary cooperation and financial stability.
- Provides policy advice, financial assistance and capacity development to member countries.
- Its headquarters is in Washington, D.C., United States.
Understand · Connect · Recallmindmapsforupsc.com