Question

NABARD has been entrusted with which of the following responsibilities?
(i) provide refinance assistance to cooperative societies and RRBs
(ii) improving agricultural credit system
(iii) financing activities of industrial development banks

• A. (i) only
• B. both (ii) and (iii)
• C. (iii) only
• D. both (i) and (ii)

Answer 1

The correct option is D both (i) and (ii)

NABARD has been entrusted with the following responsibilities :-
(i) provide refinance assistance to cooperative societies and RRBs
(ii) improving agricultural credit system NABARD is the apex institution at national level for agricultural credit. NABARD stands for National Bank for Agriculture and Rural Credit. It helps to uplift the village economy. It helps to promote and regulate the credit facilities for various purpose in the rural areas.