WBCS.LIVE practice question

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

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

Answer options

  1. 1980
  2. 1982
  3. 1985
  4. 1990

Correct answer and explanation

Correct answer: 1982

Explanation: āœ… Correct Answer: (B) 1982 šŸ“š Explanation: NABARD was established on July 12, 1982, on the recommendations of the B. Sivaraman Committee. It was created to focus on credit flow for agriculture and rural development. It serves as an apex financing institution for the rural sector, providing refinance to regional rural banks, cooperative banks, and other financial institutions to promote sustainable and equitable agriculture.