WBCS.LIVE practice question

In which year was NABARD (National Bank for Agriculture and Rural Development) established?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 1975
  2. 1980
  3. 1982
  4. 1988

Correct answer and explanation

Correct answer: 1982

Explanation: āœ… Correct Answer: C) 1982 šŸ“š Explanation: NABARD was set up on July 12, 1982, on the recommendations of the B. Sivaraman Committee to look after the credit needs of the rural sector. It took over the agricultural credit functions of the RBI and the Agricultural Refinance and Development Corporation (ARDC). It is the apex development bank in India for the regulation and promotion of the rural and agricultural economy.