The Full Form of ‘NCAER’ in Banking is ‘National Council of Applied Economic Research’.
Full Form of NCAER
NCAER stands for the National Council of Applied Economic Research. It is an autonomous, non-profit organization that works to promote economic development in India through research and policy advocacy. The NCAER was established in 1956 and is currently headquartered in New Delhi.
The NCAER’s primary objective is to provide reliable and timely information on the Indian economy and its various sectors. To fulfill this goal, the organization undertakes research on a wide range of topics related to economics, including macroeconomic issues such as inflation and exchange rate movements, sectoral studies such as agriculture and energy, consumer behaviour, public finance and taxation, labour markets, poverty and inequality, globalization and regional economic integration, technological change and innovation management.
NCAER also conducts research on areas such as urbanisation, health care delivery systems, education systems and rural development programmes. In addition to conducting research projects itself, the NCAER also provides technical support to government departments at both state and central levels in their respective policy formulation processes.
In the banking sector specifically, NCAER has been actively involved in several initiatives that are crucial for improving the financial inclusion of all citizens within India. This includes conducting surveys to assess financial literacy amongst different demographics; designing new products based on customer needs; providing advice on modernizing banking technology; developing strategies for promoting financial inclusion through credit access; undertaking evaluation studies of microfinance programs; assessing credit risk management practices; analyzing performance metrics of banks; and producing reports which highlight key trends in the banking industry over time.
The NCAER’s research output is widely regarded as among the most authoritative sources of information regarding various aspects of Indian economic development today. Its findings have been used by policymakers in both the public and private sectors across India when formulating policies aimed at promoting inclusive growth within the country. The organization also regularly shares its insights with international organizations such as the World Bank or United Nations Development Programme (UNDP).
Overall then, it can be seen that NCAER has been pivotal in providing a comprehensive understanding of current economic conditions within India – particularly with respect to banking initiatives – which has enabled informed decision-making by policymakers at all levels throughout its history.
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