Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Infrastructure

Question:

Which one of the following is the apex body to coordinate the activities of all institutions involved in the rural financing system?

Options:

NABARD (National Bank for Agriculture and Rural Development)

NSSO (National Sample Survey Organisation)

SEBI (Securities and Exchange Board of India)

RBI (Reserve Bank of India)

Correct Answer:

NABARD (National Bank for Agriculture and Rural Development)

Explanation:

The apex body to coordinate the activities of all institutions involved in the rural financing system in India is:

NABARD (National Bank for Agriculture and Rural Development): Established in 1982, NABARD is a financial institution with the core objective of promoting sustainable and equitable agriculture and rural development through financial and developmental support. It functions as a development bank and plays a crucial role in coordinating and linking various banks, cooperatives, and other financial institutions involved in rural financing.