ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -NABARD is an apex development financial institution of India. It was established in 1982 with regards to policy, planning and operations in the field of credit for agriculture and other economic activities in rural parts of India.

Detailed explanation-2: -NABARD-National Bank For Agriculture And Rural Development.

Detailed explanation-3: -1. 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.

Detailed explanation-4: -Ans. NABARD is called Apex Bank because it is also a banker of the bank for agriculture sectors. It promotes and develops financial institutions in rural areas where there are not enough financial institutions.

Detailed explanation-5: -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.