GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The ARDC (Agricultural Refinance and Development Corporation) is now a branch of the
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RBI
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NABARD
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IDBI
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SIDBI
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Explanation:
Detailed explanation-1: -NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC). It was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05 November 1982.
Detailed explanation-2: -Regional Rural Banks (RRBs) State Cooperative Banks (StCBs) District Central Cooperative Banks (DCCBs) Primary Agricultural Credit Societies (PACS) State Cooperative Agriculture and Rural Development Banks (SCARDBs) Primary Cooperative Agriculture and Rural Development Banks (PCARDBs)
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