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 Consider the following statements and identify the right ones.
i. NABARD was set up by an act of Parliament in 1982
ii. It facilitates credit for agriculture only
  • a)
    I only
  • b)
    ii only
  • c)
    both
  • d)
    none
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements and identify the right ones.i. NABAR...
NABARD facilitates credit for agriculture as well as to promote rural development and infrastructure.
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Consider the following statements and identify the right ones.i. NABAR...
NABARD (National Bank for Agriculture and Rural Development) is a development financial institution in India that was established by an act of Parliament in 1982. Its main objective is to provide credit for agriculture and rural development. Let's break down the statements and identify the correct ones.

i. NABARD was set up by an act of Parliament in 1982: This statement is true. NABARD was established by an act of Parliament on July 12, 1982, to implement the National Bank for Agriculture and Rural Development Act, 1981.

ii. It facilitates credit for agriculture only: This statement is false. NABARD facilitates credit for agriculture and rural development, which includes areas such as irrigation, land development, and small-scale industries in rural areas.

Therefore, the correct answer is option 'A' (i only).
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Consider the following statements and identify the right ones.i. NABARD was set up by an act of Parliament in 1982ii. It facilitates credit for agriculture onlya)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer?
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