WBCS.LIVE practice question

NABARD was established in the -

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

Answer options

  1. Fourth Five Year Plan
  2. Fifth Five Year Plan
  3. Sixth Five Year Plan
  4. Eight Five Year Plan

Correct answer and explanation

Correct answer: Sixth Five Year Plan

Explanation: āœ… Correct Answer: C) Sixth Five Year Plan šŸ“š Explanation: The National Bank for Agriculture and Rural Development (NABARD) was established in July 1982 based on the recommendations of the B. Sivaraman Committee. This timeline fell within the operation of the Sixth Five Year Plan (1980ā€“1985). NABARD was created as an apex development bank to manage and regulate credit flow for the promotion of agriculture and rural small-scale industries. It serves as a key pillar for rural banking infrastructure.