Question : Which institution in India provides long-term credit to farmers for agricultural activities?
Option 1: National Bank for Agriculture and Rural Development (NABARD)
Option 2: Reserve Bank of India (RBI)
Option 3: Agricultural Insurance Corporation of India (AIC)
Option 4: Small Industries Development Bank of India (SIDBI)
Correct Answer: National Bank for Agriculture and Rural Development (NABARD)
Solution : The correct answer is (a) National Bank for Agriculture and Rural Development (NABARD).
NABARD is a specialized development bank in India that focuses on the agricultural and rural sectors. It provides long-term credit to farmers for various agricultural activities, including crop production, land development, farm mechanization, irrigation, and other allied activities.
NABARD offers credit facilities to farmers through its Rural Infrastructure Development Fund (RIDF) and other agricultural development programs. It provides loans to farmers through cooperative banks, regional rural banks (RRBs), and other financial institutions.
In addition to providing credit, NABARD also plays a crucial role in promoting rural development, rural infrastructure, agricultural research and development, and capacity building among farmers and rural communities.
While the Reserve Bank of India (RBI) is the central bank of India and plays a regulatory role in the overall banking system, including setting monetary policies, it is NABARD that specifically focuses on providing long-term credit to farmers and rural development.
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Question : Which institution in India provides short-term credit to farmers for agricultural activities?
Option 2: State Bank of India (SBI)
Option 3: Small Industries Development Bank of India (SIDBI)
Option 4: Regional Rural Banks (RRBs)
Question : Which of the following institutions provides credit for small and medium enterprises 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 of the following institutions provides credit for agriculture and rural development in India?
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 4: National Bank for Agriculture and Rural Development (NABARD)
Question : Which of the following institutions regulates and supervises the functioning of commercial banks in India?
Option 3: Securities and Exchange Board of India (SEBI)
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