Which of the following statements about the NABARD is/are TRUE?begin{enumerate}item NABARD has a dual role to play as it is an apex body and a refinance institution.item NABARD services as a refinance institution for all kinds of production and investment credit to agriculture and cottage and village industries.item NABARD accepts short-term deposits from the public like any other bank to improve its capital base.end{enumerate}

BANKING GENERAL KNOWLEDGE

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

Which of the following statements about the NABARD is/are TRUE?

A	Only 1
B	Only 2
C	Only 3
D	Only 1 & (2)

Explanation:

Detailed explanation-1: -The major functions of NABARD include promotion and development, refinancing, financing, planning, monitoring and supervision.

Detailed explanation-2: -The correct answer is Facilitating credit flow for the promotion and development of agriculture. The full form of NABARD is National Bank for Agriculture and Rural Development. NABARD was established on 12th July 1982.

Detailed explanation-3: -NABARD provides long-term (LT) loans to State Governments to contribute to the share capital of cooperative credit institutions. This reimbursement-based support is intended to encourage larger lending programmes by these cooperatives to meet the agricultural credit requirements.

Detailed explanation-4: -NABARD is responsible for the development of the small industries, cottage industries, and any other such village or rural projects. Established on 12th July 1982, it had an initial capital of 100 crores. The bank is under the supervision of a Board of Directors which the Government of India will appoint.

There is 1 question to complete.