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
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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Question : ___________ is a financial institution that provides long-term credit for agriculture and rural development.
Option 1: Agricultural Finance Corporation
Option 2: Rural Development Bank
Option 3: Small Industries Development Bank of India (SIDBI)
Option 4: National Bank for Agriculture and Rural Development (NABARD)
Question : Which of the following institutions provides credit for agriculture and rural development in India?
Option 1: Reserve Bank of India (RBI)
Option 2: National Bank for Agriculture and Rural Development (NABARD)
Option 4: None of the above
Question : Which among the following is an apex institution in the sphere of agriculture credit in India?
Option 1: NABARD (National Agriculture and Rural Development)
Option 2: SIDBI (Small Industries Development Bank of India)
Option 3: EXIM (Export & Import ) Bank
Option 4: NAFED (National Agricultural Cooperative Marketing Federation of India Ltd.)
Question : Which institution in India provides short-term credit to farmers for agricultural activities?
Option 1: National Bank for Agriculture and Rural Development (NABARD)
Option 2: State Bank of India (SBI)
Option 4: Regional Rural Banks (RRBs)
Question : Which institution is responsible for the promotion and development of agricultural marketing cooperatives in India?
Option 1: Small Farmers Agribusiness Consortium (SFAC)
Option 2: National Cooperative Development Corporation (NCDC)
Option 3: National Bank for Agriculture and Rural Development (NABARD)
Option 4: National Horticulture Board (NHB)
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