Question : Statement 1: The National Bank for Agriculture and Rural Development (NABARD) provides credit facilities to farmers and rural artisans.
Statement 2: NABARD primarily focuses on the development of urban infrastructure projects.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and statement 2 is false.
Statement 1 is true. NABARD is a development bank that provides credit facilities to farmers and rural artisans. It also provides financial assistance to rural development projects, such as irrigation, roads, and schools.
Statement 2 is false. NABARD's primary focus is on rural development, not urban infrastructure. While NABARD does provide some financing for urban infrastructure projects, this is not its primary focus.
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