BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Which of the following banks is limited to the needs of agriculture and rural finance?

A	RBI
B	SBI
C	IFC
D	NABARD

Explanation:

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

Detailed explanation-2: -National Bank for Agriculture and RuralDevelopment (NABARD) was established on 12 July 1982 by an Act of theParliament.

Detailed explanation-3: -The correct answer is NABARD. NABARD is a development bank responsible for the rural sector of the country. It is the apex banking institution to provide Finance for Agriculture and Rural development.

Detailed explanation-4: -NABARD is a Development Bank with a mandate for providing and regulating credit for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas to promote prosperity of rural areas.

There is 1 question to complete.