Which of the following statements is/are TRUE about the activities of the NABARD?begin{enumerate}item NABARD has the responsibility to inspect RRBs and Cooperative Banks.item NABARD maintains Research and Development Fund to promote research in agriculture and rural development.item NABARD is a wing of the Planning Commission of India.end{enumerate}

BANKING GENERAL KNOWLEDGE

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

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

A	Only 1
B	Only 2
C	Both 1 & 2
D	Only 3

Explanation:

Detailed explanation-1: -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-2: -It is a development bank in the sector of Regional Rural Banks in India, It provides and regulates credits in the rural area, It gives assistance for the promotion and development of rural sectors, mainly agriculture and It finances rural crafts.

Detailed explanation-3: -The major functions of NABARD include promotion and development, refinancing, financing, planning, monitoring and supervision.

Detailed explanation-4: -NABARD does not provide any loan to individuals. It only refinances banks that give loan under specific categories in agriculture including dairy animal rearing. Q. Which of the following statements is true or false?

There is 1 question to complete.