Correct option is A
The Correct Answer is: (a) National Bank for Agriculture and Rural Development (NABARD)
Explanation:
The National Bank for Agriculture and Rural Development (NABARD) is the apex development financial institution in India
responsible for promoting agriculture and rural development. NABARD plays a key role in providing and regulating credit facilities, supporting self-employment opportunities, and enhancing rural livelihoods.
Information Booster:
• NABARD was established on 12 July 1982, based on the recommendations of the B. Sivaraman Committee.
• It was created by transferring functions from RBI and ARDC (Agricultural Refinance and Development Corporation).
• NABARD supports SHGs, microfinance, and rural infrastructure projects.
• It administers key schemes like RIDF (Rural Infrastructure Development Fund).
• It provides refinance to cooperative banks and RRBs for rural credit.
• NABARD was established on 12 July 1982, based on the recommendations of the B. Sivaraman Committee.
• It was created by transferring functions from RBI and ARDC (Agricultural Refinance and Development Corporation).
• NABARD supports SHGs, microfinance, and rural infrastructure projects.
• It administers key schemes like RIDF (Rural Infrastructure Development Fund).
• It provides refinance to cooperative banks and RRBs for rural credit.
Additional Information:
- World Trade Organization (WTO) – It is an international organization that regulates global trade rules between nations, established in 1995 with its headquarters in Geneva, Switzerland.
- Reserve Bank of India (RBI) – Established in 1935, the RBI is the central bank of India, responsible for issuing currency, regulating the banking sector, and managing monetary policy.
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