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Consider the following statements with respect to the Asia-Pacific Rural Agricultural and Credit Association (APRACA):
It aims to promote cooperation and facilitates the mutual exchange of information and expertise in the field of rural finance.
  • 2. The 6th World Congress on Rural and Agriculture Finance was jointly organized by RBI and APRACA.
    Q. Which of the statements given above is/are correct?
    • a)
      1 only
    • b)
      2 only
    • c)
      Both 1 and 2
    • d)
      Neither 1 nor 2
    Correct answer is option 'A'. Can you explain this answer?
    Verified Answer
    Consider the following statements with respect to the Asia-Pacific Ru...
    The Asia-Pacific Rural and Agricultural Credit Association (APRACA) is a non- government
    international organization composed mainly of central banks, agricultural banks, development banks, commercial banks, apex organizations and federations of financial institutions, rural development institutions and non-government institutions in the Asia Pacific region involved directly in agricultural credit and rural development. APRACA was established in 1977 on the occasion of its First General Assembly held in New Delhi, India. Its main goal is to alleviate poverty in the Asia Pacific Region through rural and agricultural finance by facilitating cooperation as well as exchange of information and expertise among its member institutions. APRACA, representing 81 member institutions from 21
    countries, is a regional association that promotes cooperation and facilitates mutual exchange of information and expertise in the field of rural finance. So, statement 1 is correct.
    6th World Congress in Rural and Agricultural Finance is being co-hosted by the National Bank for Agriculture and Rural Development (NABARD), India and the Asia-Pacific Rural and Agricultural Credit Association (APRACA) and supported by the Ministry of Agriculture and Farmers Welfare, Government of India. So, statement 2 is not correct.
    Therefore, the correct answer is (a).
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    Most Upvoted Answer
    Consider the following statements with respect to the Asia-Pacific Ru...
    Explanation:

    Statement 1:
    - The Asia-Pacific Rural Agricultural and Credit Association (APRACA) indeed aims to promote cooperation and facilitates the mutual exchange of information and expertise in the field of rural finance. This statement is correct.

    Statement 2:
    - The 6th World Congress on Rural and Agriculture Finance was not jointly organized by RBI and APRACA. Therefore, this statement is incorrect.
    Therefore, the correct answer is option 'A' - 1 only.
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    Consider the following statements with respect to the Asia-Pacific Rural Agricultural and Credit Association (APRACA): It aims to promote cooperation and facilitates the mutual exchange of information and expertise in the field of rural finance. 2. The 6th World Congress on Rural and Agriculture Finance was jointly organized by RBI and APRACA. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
    Question Description
    Consider the following statements with respect to the Asia-Pacific Rural Agricultural and Credit Association (APRACA): It aims to promote cooperation and facilitates the mutual exchange of information and expertise in the field of rural finance. 2. The 6th World Congress on Rural and Agriculture Finance was jointly organized by RBI and APRACA. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 with respect to the Asia-Pacific Rural Agricultural and Credit Association (APRACA): It aims to promote cooperation and facilitates the mutual exchange of information and expertise in the field of rural finance. 2. The 6th World Congress on Rural and Agriculture Finance was jointly organized by RBI and APRACA. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 with respect to the Asia-Pacific Rural Agricultural and Credit Association (APRACA): It aims to promote cooperation and facilitates the mutual exchange of information and expertise in the field of rural finance. 2. The 6th World Congress on Rural and Agriculture Finance was jointly organized by RBI and APRACA. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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