The major function of NABARD is to __________.

give loans to the public

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accept deposits from the public

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give loans to commercial banks and regional rural banks for the development of the rural sector

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deal in government securities

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Solution

The correct option is B give loans to commercial banks and regional rural banks for the development of the rural sector
National Bank for Agriculture and Rural Development (NABARD) was set up in July 1982 by an act of Parliament and is an apex institution for providing agriculture credit and also for financial institution lending to agriculture and rural development.

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