1
Question
In 1983, the RBI's responsibility with respect to regional rural banks was transferred to ______.
In 1983, the RBI's responsibility with respect to regional rural banks was transferred to ______.
Open in App
Solution
The correct option is C NABARD
NABARD was
established on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It
replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit
Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and
Development Corporation (ARDC). It is one of the premier agencies providing
developmental credit in rural areas. NABARD is India's specialised bank for
Agriculture and Rural Development in India.
NABARD was established on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premier agencies providing developmental credit in rural areas. NABARD is India's specialised bank for Agriculture and Rural Development in India.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
