Question

Consider the following statements on NABARD :

1. It came into existence in 1980
2. Functions as supervisor of Regional Rural Banks

• A. 1 only
• B. All
• C. 2 only
• D. 1, 2

Answer 1

Answer:

C. 2 only

NABARD ( National Bank for Agriculture and Rural Development )

• It came into existence in 1982 JULY 12
• Functions as supervisor of Regional Rural Banks
• Head Quarters - Mumbai
• NABARD was established on the recommendation of B.Shivaraman Committee

Main functions

• An apex financing agency for rural development
• To supervise gramin banks and co operative banks
• To act as a re - finance agency for rural infrastructure