BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12th July 1982
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01st January 1949
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19th July 1980
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05th November 1982
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Detailed explanation-1: -It was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17, 080 crore as on 31 March 2022.
Detailed explanation-2: -It resulted in foundation of NABARD (National Bank for Agriculture and Rural Development) in 1982 as a statutory body under Parliamentary act-National Bank for Agriculture and Rural Development Act, 1981. Its initial paid up capital was Rs. 100 cr.
Detailed explanation-3: -National Bank for Agriculture and RuralDevelopment (NABARD) was established on 12 July 1982 by an Act of theParliament.
Detailed explanation-4: -NABARD stands for National Bank for Agricultural and Rural Development. It is headquartered in Mumbai and was established on 12th July 1982 on the recommendations of B. Sivaraman Committee. It was established during the Sixth Five Year Plan, which was from the year 1980-85.
Detailed explanation-5: -NABARD is an apex body which provides refinance assistance for agriculture, promoting rural development activities.