Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

The National Bank for Agriculture \& Rural Development (NABARD) was set-up as an apex body to :

Options:

Coordinate the activities of all institutions involved in the Agriculture Financing system

Coordinate the activities of all institutions involved in the Rural Agro Financing System

Coordinate the activities of all Commercial Banks in rural areas

Coordinate the activities of all cooperative societies established in rural areas for the development of agriculture

Correct Answer:

Coordinate the activities of all institutions involved in the Rural Agro Financing System

Explanation:

The 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.