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National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/ the_________body to coordinate the activities of all institutions involved in the rural financing system.
- a)Cooperative
- b)Apex
- c)micro credit
- d)private credit
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
National Bank for Agricultural and Rural Development (NABARD) was set ...
NABARD is an apex body or organisation which helps in promoting the strength of various credit institutions, like, cooperatives, commercial banks and regional rural banks. Also, it provides financial help to the non-farm sector.
Most Upvoted Answer
National Bank for Agricultural and Rural Development (NABARD) was set ...
The Role of NABARD
NABARD, the National Bank for Agricultural and Rural Development, was established in 1982 to support and coordinate the rural financing system in India. It serves as the apex institution that plays a pivotal role in the development of rural sectors.
Why "Apex" is the Correct Term
- Central Coordination: NABARD acts as a central coordinating body among various rural financial institutions including cooperative banks, regional rural banks, and microfinance institutions.
- Policy Formulation: As an apex body, it formulates policies and guidelines for lending operations in rural areas, ensuring that the financial needs of farmers and rural enterprises are met effectively.
- Funding Support: NABARD provides refinancing support to financial institutions involved in rural development, enhancing their capacity to lend to the agricultural sector.
- Capacity Building: It also undertakes capacity-building initiatives, ensuring that rural financial institutions are equipped to serve their clientele efficiently.
Conclusion
In conclusion, NABARD's designation as the apex body signifies its leadership role in shaping the rural financing landscape in India. Its multifaceted approach enables it to effectively coordinate and enhance the activities of various institutions involved in rural financing, making option 'B' the correct answer in this context.
NABARD, the National Bank for Agricultural and Rural Development, was established in 1982 to support and coordinate the rural financing system in India. It serves as the apex institution that plays a pivotal role in the development of rural sectors.
Why "Apex" is the Correct Term
- Central Coordination: NABARD acts as a central coordinating body among various rural financial institutions including cooperative banks, regional rural banks, and microfinance institutions.
- Policy Formulation: As an apex body, it formulates policies and guidelines for lending operations in rural areas, ensuring that the financial needs of farmers and rural enterprises are met effectively.
- Funding Support: NABARD provides refinancing support to financial institutions involved in rural development, enhancing their capacity to lend to the agricultural sector.
- Capacity Building: It also undertakes capacity-building initiatives, ensuring that rural financial institutions are equipped to serve their clientele efficiently.
Conclusion
In conclusion, NABARD's designation as the apex body signifies its leadership role in shaping the rural financing landscape in India. Its multifaceted approach enables it to effectively coordinate and enhance the activities of various institutions involved in rural financing, making option 'B' the correct answer in this context.
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National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/ the_________body to coordinate the activities of all institutions involved in the rural financing system.a)Cooperativeb)Apexc)micro creditd)private creditCorrect answer is option 'B'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/ the_________body to coordinate the activities of all institutions involved in the rural financing system.a)Cooperativeb)Apexc)micro creditd)private creditCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/ the_________body to coordinate the activities of all institutions involved in the rural financing system.a)Cooperativeb)Apexc)micro creditd)private creditCorrect answer is option 'B'. Can you explain this answer?.
National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/ the_________body to coordinate the activities of all institutions involved in the rural financing system.a)Cooperativeb)Apexc)micro creditd)private creditCorrect answer is option 'B'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/ the_________body to coordinate the activities of all institutions involved in the rural financing system.a)Cooperativeb)Apexc)micro creditd)private creditCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/ the_________body to coordinate the activities of all institutions involved in the rural financing system.a)Cooperativeb)Apexc)micro creditd)private creditCorrect answer is option 'B'. Can you explain this answer?.
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