Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

Which of the following is not true regarding NABARD?

  1. It performs all functions of RBI with regard to agricultural credit.
  2. Promotes research in agriculture by providing research and development fund.
  3. Provides support to farm sector only.
  4. Helps in the flow of credit through cooperative banks, regional rural banks etc.
Options:

1 and 2

1,2 and 4

Only 2

Only 3

Correct Answer:

Only 3

Explanation:

NABARD offers its service with an intend to create income-generating assets in the following sectors: Agriculture and allied activities.