Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

NAABARD came into existence in the year _________.

A.
1979
B.
1982
C.
1969
D.
1972

Solution:

The correct answer is 1982. The full form of NABARD is National Bank for Agriculture and Rural Development. NABARD was established on 12th July 1982. NABARD provides and regulates credit and other facilities for the development and promotion of agriculture, small-scale industries, village industries, handicrafts, cottage industries, etc. The Head office of NABARD is in Mumbai. The following are the important functions of NABARD:Promotion and development of rural areas. Financing and refinancing of agriculture. Monitoring coordination with various institutions and agencies and credit planning. Direct lending to producer's organizations and cooperatives. Facilitating credit flow for the promotion and development of agriculture. Image of NABARD Logo:

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