What is the full form of NABARD?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → National Bank for Agriculture and Rural Development
NABARD is the National Bank for Agriculture and Rural Development, the apex development bank for farm credit and rural development. It was set up on 12 July 1982 under an Act of Parliament, on the recommendation of the CRAFICARD committee headed by B. Sivaraman, and has its headquarters in Mumbai. It does not lend to farmers directly; it refinances the banks and cooperatives that do.