BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
NABARD came into existence on 12th July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC). Name the Chairman of NABARD?
A
RS Sharma
B
HK Bhanwala
C
Uma Shankar
D
Ajay Tyagi
Explanation: 

Detailed explanation-1: -Automatic Refinance Scheme (ARF)

Detailed explanation-2: -NABARD launched the Farmers’ Club Programme in November 1982 (till 2005, it was called “Vikas Volunteer Vahini”) for propagating the principle of “development through credit, technology transfer, awareness and capacity building”.

Detailed explanation-3: -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).

Detailed explanation-4: -National Bank for Agriculture and RuralDevelopment (NABARD) was established on 12 July 1982 by an Act of theParliament.

There is 1 question to complete.