Which among the following was set up as an apex body to coordinate the activities of all institutions involved in the rural financing system?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → National Bank for Agriculture and Rural Development
The National Bank for Agriculture and Rural Development (NABARD) was set up in 1982 as the apex body to coordinate the activities of all institutions involved in the rural financing system. It refinances the cooperative banks, regional rural banks and commercial banks for their loans to farmers and rural enterprises, and supervises the cooperative and regional rural banks.