GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development?
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NABARD
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State Bank of India
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Reserve Bank of India
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Industrial Development Bank of India
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Explanation:
Detailed explanation-1: -NABARD-National Bank For Agriculture And Rural Development.
Detailed explanation-2: -Various agencies, including commercial bank, regional rural bank (RRBs), co-operatives, small finance banks (SFBs), NBFCs, micro-finance institutions (MFIs) and indigenous bankers together form the rural credit delivery system in India.
Detailed explanation-3: -Credit functions As the main provider of credit facilities in rural areas, the National Bank for Agriculture and Rural Development or NABARD performs the credit functions. Under these functions, the bank provides, regulates, and monitors the credit flow in the rural parts of the nation.
There is 1 question to complete.