Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

Which of the following is an apex body to coordinate the functioning of different financial institutions working for the expansion of rural credit?

Options:

Cooperative committee

Commercial banks

NABARD

None of the above

Correct Answer:

NABARD

Explanation:

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.