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Question : In which year was the National Bank for Agriculture and Rural Development (NABARD) established in India?

 

Option 1: 1975

Option 2: 1982

Option 3: 1985

Option 4: 1991


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Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: 1982


Solution : The correct answer is (b) 1982.

NABARD was established on July 12, 1982, by an Act of Parliament. It was set up as an apex development bank with the mandate of promoting sustainable and equitable agriculture and rural development in India. NABARD plays a crucial role in financing and refinancing agriculture and rural development activities, providing credit support to various stakeholders, implementing rural infrastructure projects, and promoting agricultural and rural research and development. Therefore, option b. 1982 is the correct answer.

 

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