Question

Which organization promotes rural development and self-employment in India?

• A. National Bank for Agriculture and Rural Development (NABARD)
• B. World Trade Organization (WTO)
• C. Central Bureau of Investigation (CBI)
• D. Reserve Bank of India (RBI)

Answer 1

Answer:

A. National Bank for Agriculture and Rural Development (NABARD)

The organization that promotes rural development and self-employment in India is the National Bank for Agriculture and Rural Development (NABARD). It was established in 1982 NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC). It was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05 November 1982.