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).