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Question

On July 12, 1982, the ARDC was merged into

A
RBI
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B
NABARD
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C
EXIM Bank
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D
None of the above
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Solution

The correct option is C NABARD

On July 12, 1982, the ARDC was merged into NABARD. NABARD is a Development Bank with a mandate for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting NABARD role in rural development in India is phenomenal. National Bank For Agriculture & Rural Development (NABARD) is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.


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