Question Bank - Banking & Financial Services

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

National Bank for Agriculture and Rural Development was established in the year______

A.
1969
B.
1975
C.
1982
D.
1994

Solution:

The correct answer is 1982. National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an Act of the Parliament. National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for the overall regulation and licensing of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of the Ministry of Finance, Government of India. The bank has been entrusted with "matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing & implementing Financial Inclusion. Additional InformationThe headquarters of NABARD is in Mumbai. The agency executive of NABARD is Harsh Kumar Bhanwala. The chairperson of NABARD is Govinda Rajulu Chintala, IAS.

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