Which apex body was set up to coordinate the activities of all institutions involved in the rural financing system ?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → NABARD
The National Bank for Agriculture and Rural Development (NABARD) was set up in 1982 as an apex body. It coordinates the activities of all institutions involved in the rural financing system.
Note: A same/similar question was asked in CUET (UG) in the papers below.
| 2026 | 2025 | 2024 | 2023 | 2022 |
| – | – | – | 28-05 S3 30-05 S1* | – |
* A similar question.
NCERT (2026-27): “5.3 Credit and Marketing in Rural Areas … National Bank for Agriculture and Rural Development (NABARD) was set up in 1982 as an apex body to coordinate the activities of all institutions involved in the rural financing system. The Green Revolution was a harbinger of major changes in the credit system as it led to the diversification of the portfolio of rural credit towards production-oriented lending.…” |