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NABARD, a bank for agriculture finance and rural development was recommended by the Committee under chairmanship of?
  • a)
    M S Swaminathan committee
  • b)
    B. Sivaraman committee
  • c)
    Tarapore committee
  • d)
    Narasimham Committee
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
NABARD, a bank for agriculture finance and rural development was reco...
The Reserve Bank of India (RBI) at the insistence of the Government of India, constituted a Committee to Review the Arrangements For Institutional Credit for Agriculture and Rural Development (CRAFICARD) to look into these very critical aspects.
The Committee was formed on 30 March 1979, under the Chairmanship of Shri B. Sivaraman, a former member of Planning Commission, Government of India.
The Committee’s interim report, submitted on 28 November 1979, outlined the need for a new organizational device for providing undivided attention, forceful direction, and pointed focus to credit-related issues linked with rural development.
Its recommendation was the formation of a unique development financial institution that would address these aspirations and the formation of the National Bank for Agriculture and Rural Development (NABARD) was approved by the Parliament through Act 61 of 1981.
Hence, the correct option is (B).
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NABARD, a bank for agriculture finance and rural development was recommended by the Committee under chairmanship of?a)M S Swaminathan committeeb)B. Sivaraman committeec)Tarapore committeed)Narasimham Committeee)None of theseCorrect answer is option 'B'. Can you explain this answer?
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NABARD, a bank for agriculture finance and rural development was recommended by the Committee under chairmanship of?a)M S Swaminathan committeeb)B. Sivaraman committeec)Tarapore committeed)Narasimham Committeee)None of theseCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about NABARD, a bank for agriculture finance and rural development was recommended by the Committee under chairmanship of?a)M S Swaminathan committeeb)B. Sivaraman committeec)Tarapore committeed)Narasimham Committeee)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for NABARD, a bank for agriculture finance and rural development was recommended by the Committee under chairmanship of?a)M S Swaminathan committeeb)B. Sivaraman committeec)Tarapore committeed)Narasimham Committeee)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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