The apex institution which handles refinance for agriculture and rural development is called:

BANKING GENERAL KNOWLEDGE

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

A	RBI
B	SIDBI
C	NABARD
D	RRB

Explanation:

Detailed explanation-1: -NABARD-National Bank For Agriculture And Rural Development.

Detailed explanation-2: -National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India.

Detailed explanation-3: -NABARD provides refinance for both Farm Sector and Non-Farm Sector activities. Rate of interest on refinance is reviewed from time to time taking into account the cost of funds, market conditions etc.

Detailed explanation-4: -National Bank for Agriculture and Rural Development (NABARD) is an Apex Development Financial Institution in India.

Detailed explanation-5: -Detailed Solution. The correct answer is the Reserve Bank of India.

There is 1 question to complete.