BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Which of the following is the apex institution that handles refinance for agriculture and rural development in India?

A	RBI
B	SIDBI
C	NABARD
D	SEBI

Explanation:

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

Detailed explanation-2: -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-3: -National Bank for Agriculture and Rural Development (NABARD) is quietly shaping such transitions across India by directing its resources towards building a strong rural infrastructure.

Detailed explanation-4: -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-5: -Detailed Solution. The correct answer is the Reserve Bank of India.

There is 1 question to complete.