Question

There is a bank called NABARD, which has been functioning in India to help the poor farmers in rural areas. Choose the correct set of functions of NABARD from the list given below.

(i) Helping poor prople in rural areas with loans
(ii) Lending money for agricultural activities
(iii) Promoting equitable and sustainable agriculture

• A. Only (i)
• B. Only (ii)
• C. Only (iii)
• D. (i), (ii), and (iii)

Answer 1

The correct option is D (i), (ii), and (iii)

National Bank for Agriculture and Rural Development (NABARD) is an apex supervisory body for overall supervision of regional rural banks and apex cooperative banks in India. It helps to provide loans to the rural population for agriculture and agricultural activities. It also helps in the development of the rural sector.