Question

What was set up in 1960 and is administered under the Multi State Co-operative Societies Act:

• A. National Co-operative Agriculture and Rural Development Bank's Federation
• B. National Federation of Urban co-operative Banks
• C. National Bank for Agriculture and Rural Development
• D. rNational Federation of State Co-operative Banks

Answer 1

Answer:

A. National Co-operative Agriculture and Rural Development Bank's Federation

he National Co-operative Agriculture and Rural Development Bank's Federation (NAFCARD) was set up in 1960. It is administered under the Multi State Co-operative Societies Act. Its main role is to coordinate the activities of co-operative agriculture and rural development banks across states, promoting rural credit and development. Other options: B) National Federation of State Co-operative Banks – Represents state-level co-op banks but not specifically set up in 1960 under this Act. C) National Federation of Urban Co-operative Banks – Focuses on urban co-operative banks. D) NABARD – Established in 1982, not under the Multi-State Co-operative Societies Act.