BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India. Where is the Head Office of NABARD?

A	Lucknow
B	Chennai
C	New Delhi
D	Mumbai

Explanation:

Detailed explanation-1: -NABARD has its head office at Mumbai, India and regional offices in all states and one special cell at Srinagar J&K.

Detailed explanation-2: -Mumbai: Rural credit will get a boost this fiscal with the National Bank for Agriculture and Rural Development (Nabard)-the apex bank for the farm sector-targeting to grow its balance sheet by 15% again in FY23.

Detailed explanation-3: -NABARD an apex development bank owned by the Government of India was set up under an Act of Parliament for supporting and promoting agriculture and rural development. NABARD has been playing a crucial role in the development of various activities in the farm and non-farm sector in the country.

There is 1 question to complete.