UPSC Exam > UPSC Questions > Consider the following statements aboutNation...
Start Learning for Free
Consider the following statements about National Bank for Agriculture & Rural Development (NABARD).
1. NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.
2. It was established based on the recommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship of Narasimham.
3. International associates of NABARD include World Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.
1. NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.
2. It was established based on the recommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship of Narasimham.
3. International associates of NABARD include World Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.
Which of the above statements is/are correct?
- a)1, 2
- b)1, 3
- c)2, 3
- d)1, 2, 3
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Consider the following statements aboutNational Bank for Agriculture &...
The Reserve Bank of India (RBI) has sold its entire stakes in the National Bank for Agriculture & Rural Development (NABARD). The decision to divest its entire stake was taken based on the recommendations of the second Narasimham Committee.
The government now holds a 100 per cent stake in NABARD.
NABARD is an apex development and specialized bank established on 12 July 1982 by an act by the parliament of India.
1. Its main focus is to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector.
2. It was established based on the recommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship of Shri B. shivaraman.
3. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC).
4. It has been accredited with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”.
5. NABARD is active in developing financial inclusion policy.
6. Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas
7. International associates of NABARD include World Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development. These organizations help NABARD by advising and giving monetary aid for the upliftment of the people in the rural areas and optimising the agricultural process.
The government now holds a 100 per cent stake in NABARD.
NABARD is an apex development and specialized bank established on 12 July 1982 by an act by the parliament of India.
1. Its main focus is to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector.
2. It was established based on the recommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship of Shri B. shivaraman.
3. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC).
4. It has been accredited with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”.
5. NABARD is active in developing financial inclusion policy.
6. Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas
7. International associates of NABARD include World Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development. These organizations help NABARD by advising and giving monetary aid for the upliftment of the people in the rural areas and optimising the agricultural process.
Most Upvoted Answer
Consider the following statements aboutNational Bank for Agriculture &...
And Rural Development (NABARD):
1. NABARD was established in 1982 with the goal of promoting sustainable and equitable agriculture and rural development in India.
2. It provides financial support to agriculture and rural development projects through refinancing schemes, direct lending, and grants.
3. NABARD also acts as a regulator for cooperative banks and regional rural banks and provides them with necessary financial and technical assistance.
4. The bank operates a number of development programs, including watershed development, rural infrastructure development, and microfinance.
5. NABARD works closely with the government, state governments, and other stakeholders to formulate policies and strategies for agricultural and rural development.
6. The bank also plays a crucial role in monitoring the implementation of various government schemes and programs related to agriculture and rural development.
7. NABARD is governed by a board of directors and is headed by a chairman, who is appointed by the central government.
8. The bank has a strong presence in rural areas through its regional offices and branches, which provide support and guidance to farmers and other stakeholders.
9. NABARD is also involved in capacity building and training programs for farmers and rural entrepreneurs to enhance their skills and knowledge.
10. The bank has been instrumental in promoting sustainable agriculture practices, rural livelihoods, and inclusive growth in India.
Overall, NABARD plays a crucial role in supporting agriculture and rural development in India through its financial, regulatory, and developmental functions.
1. NABARD was established in 1982 with the goal of promoting sustainable and equitable agriculture and rural development in India.
2. It provides financial support to agriculture and rural development projects through refinancing schemes, direct lending, and grants.
3. NABARD also acts as a regulator for cooperative banks and regional rural banks and provides them with necessary financial and technical assistance.
4. The bank operates a number of development programs, including watershed development, rural infrastructure development, and microfinance.
5. NABARD works closely with the government, state governments, and other stakeholders to formulate policies and strategies for agricultural and rural development.
6. The bank also plays a crucial role in monitoring the implementation of various government schemes and programs related to agriculture and rural development.
7. NABARD is governed by a board of directors and is headed by a chairman, who is appointed by the central government.
8. The bank has a strong presence in rural areas through its regional offices and branches, which provide support and guidance to farmers and other stakeholders.
9. NABARD is also involved in capacity building and training programs for farmers and rural entrepreneurs to enhance their skills and knowledge.
10. The bank has been instrumental in promoting sustainable agriculture practices, rural livelihoods, and inclusive growth in India.
Overall, NABARD plays a crucial role in supporting agriculture and rural development in India through its financial, regulatory, and developmental functions.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements aboutNational Bank for Agriculture & Rural Development (NABARD).1.NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.2.It was established based on therecommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship ofNarasimham.3.International associates of NABARD includeWorld Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup