Question : In which year was the National Bank for Agriculture and Rural Development (NABARD) established in India?
Option 1: 1975
Option 2: 1982
Option 3: 1985
Option 4: 1991
Correct Answer: 1982
Solution : The correct answer is (b) 1982.
NABARD was established on July 12, 1982, by an Act of Parliament. It was set up as an apex development bank with the mandate of promoting sustainable and equitable agriculture and rural development in India. NABARD plays a crucial role in financing and refinancing agriculture and rural development activities, providing credit support to various stakeholders, implementing rural infrastructure projects, and promoting agricultural and rural research and development. Therefore, option b. 1982 is the correct answer.
