WBCS.LIVE practice question

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

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

Answer options

  1. 1975
  2. 1982
  3. 1988
  4. 1992

Correct answer and explanation

Correct answer: 1982

Explanation: āœ… Correct Answer: B) 1982 šŸ“š Explanation: NABARD was established on July 12, 1982, based on the recommendations of the B. Sivaraman Committee. It serves as an apex regulatory body for the overall regulation of regional rural banks and apex cooperative banks in India. Its main goal is to promote sustainable and equitable agriculture and rural development through credit support.