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CA Foundation Exam  >  CA Foundation Questions  >  The government established ___________ in 198... Start Learning for Free
The government established ___________ in 1982 to finance rural projects at lower rate of interest: 
  • a)
    Regional Rural Banks 
  • b)
    Reserve Bank of India 
  • c)
    Co-operative Banks 
  • d)
    National Bank for Agriculture and Rural Development 
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
The government established ___________ in 1982 to finance rural projec...
Government Establishment for Rural Projects:


  • National Bank for Agriculture and Rural Development (NABARD): NABARD was established in 1982 by the Government of India. Its main objective is to provide credit for agriculture and other economic activities in rural areas at a lower rate of interest.

  • Financing Rural Projects: NABARD finances various rural projects such as agriculture, small-scale industries, cottage and village industries, handicrafts, and other rural crafts.

  • Role in Rural Development: NABARD plays a crucial role in promoting sustainable and equitable agriculture and rural development through various schemes and programs.

  • Rural Credit: NABARD also supervises and regulates the functioning of Cooperative Banks and Regional Rural Banks (RRBs) to ensure adequate flow of credit to rural areas.

  • Interest Rates: NABARD provides refinance facilities to Cooperative Banks and RRBs at a concessional rate of interest, which enables them to offer loans to farmers and rural entrepreneurs at affordable rates.


By establishing NABARD in 1982, the government aimed to boost rural development by providing financial support to various rural projects and initiatives.
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Most Upvoted Answer
The government established ___________ in 1982 to finance rural projec...
Nabard was established on 12 july 1982 under nabard act 1981 on the recommendation of b sivaraman committee. It is a financial institution for agriculture and rural development its headquarter is in mumbai.
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Features of a Mixed Economy:A mixed economy is an economic system that combines elements of both a market economy and a planned economy. It incorporates features of both private enterprise and government intervention. The correct answer is D, as all of the following features are characteristic of a mixed economy:1. Planned economy:A mixed economy includes elements of a planned economy, where the government plays a role in guiding and regulating economic activities. It formulates economic plans and policies to ensure the efficient allocation of resources and to promote economic stability.2. Dual system of pricing:In a mixed economy, there exists a dual system of pricing, which means that both market prices and government-set prices coexist. While market forces determine prices for most goods and services, the government may intervene to regulate prices in certain sectors to protect consumers or promote social welfare.3. Balanced regional development:Another characteristic of a mixed economy is the emphasis on balanced regional development. The government intervenes to ensure that economic growth and development are not concentrated in specific regions or industries but are spread across different regions and sectors. This helps to reduce regional disparities and promote overall economic stability and social welfare.Benefits of a Mixed Economy:A mixed economy offers several benefits due to its combination of market forces and government intervention. Some of these benefits include:1. Economic efficiency:By incorporating market mechanisms, a mixed economy allows for resource allocation based on supply and demand, which promotes economic efficiency. Market forces encourage competition, innovation, and productivity, leading to higher levels of economic growth.2. Social welfare:Government intervention in a mixed economy enables the provision of public goods and services that may not be adequately provided by the market alone. This includes areas such as healthcare, education, infrastructure, and social security, ensuring a certain level of social welfare and equity.3. Stability and regulation:The government's role in a mixed economy helps to maintain economic stability through macroeconomic policies such as fiscal and monetary measures. It also regulates certain sectors to prevent market failures, protect consumer rights, and ensure fair competition.Conclusion:A mixed economy combines the advantages of both market forces and government intervention. It allows for economic efficiency, social welfare, and stability. The features of a mixed economy include elements of a planned economy, a dual system of pricing, and balanced regional development. These features work together to create a system that promotes both economic growth and social welfare.

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The government established ___________ in 1982 to finance rural projects at lower rate of interest:a)Regional Rural Banksb)Reserve Bank of Indiac)Co-operative Banksd)National Bank for Agriculture and Rural DevelopmentCorrect answer is option 'D'. Can you explain this answer?
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