GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Narsimham Committee
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Mehta Committee
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Kelkar Committee
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Shah Committee
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Detailed explanation-1: -The correct answer is Shivaraman Committee. NABARD was established on the recommendations of the B. Sivaramman Committee (by Act 61, 1981 of Parliament) on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981.
Detailed explanation-2: -It was established on the recommendations of B Sivaraman Committee on July 12, 1982, to implement the National Bank for Agriculture and Rural Development Act 1981.
Detailed explanation-3: -On July 12, 1982, NABARD was established by transferring the agricultural credit functions of the RBI and the refinancing functions of the former Agricultural Refinance and Development Corporation (ARDC). Smt. Indira Gandhi, the late Prime Minister of India, dedicated it to the nation’s service on November 5, 1982.
Detailed explanation-4: -It was established on 12th July. 1982 in sixth five year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector.