Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Establishment of NABARD i.e., National Bank for Agriculture and Rural Development was based on the recommendations of which of the following committee?

Options:

Tendulkar Committee

Rangarajan Committee

Billsmith Committee

Shivraman Committee

Correct Answer:

Shivraman Committee

Explanation:

NABARD i.e. National Bank for Agriculture and Rural Development is the apex institution of rural credit which was established in the year 1982 by the merger of Agriculture Credit department and reconstruction of Agriculture and Development Corporation of the Reserve Bank of India. Its establishment is based on the recommendations of Shivraman Committee.