Target Exam

CUET

Subject

General Aptitude Test

Chapter

General Knowledge

Topic

Polity and Indian Constitution

Question:

Which among the following was set up as an apex body to coordinate the activities of all institutions involved in the rural financing system?

Options:

Planning Commission

State Bank of India

Self-help groups

National Bank for Agriculture and Rural Development

Correct Answer:

National Bank for Agriculture and Rural Development

Explanation:

The correct answer is Option (4) → National Bank for Agriculture and Rural Development

NABARD was established on July 12, 1982, under the NABARD Act, 1981, as India's apex development financial institution specifically for agriculture and rural development. It coordinates the operations of rural credit institutions (such as cooperative banks, regional rural banks, and commercial banks), provides refinance facilities, supervises these institutions, and formulates policies to enhance credit flow to rural areas.