Question

The bank known as the National Agriculture Bank of India

• A. SBI
• B. ICICI
• C. RBI
• D. NABARD

Answer 1

Answer:

D. NABARD

NABARD

• Established 12 July 1982 under Act of parliament 1981 

• Act 61 1981 

• Head Quarters: Mumbai 

• 31 Regional officers

• 7 Department 

• Chairman: SHAJI.K.V 

• Formed as per the recommendation of CRAFICARD (B Sivaraman Committee) 

• CRAFICARD : Committee to Review Arrangements For Institutional Credit for Agriculture and Rural Development

• Chairman B. Sivaraman - appointed by RBI in 1979 March 30

• Agriculture Refinance Corporation ARC was set up in 1963 

• Agriculture Refinance Development Corporation (ARDC) 1972 

• Also called National Agriculture Bank of India - NABARD 

• The main refinancing agency of cooperative Banks - NABARD