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.
Question : Statement 1: The National Bank for Agriculture and Rural Development (NABARD) provides credit facilities to promote agriculture and rural development.
Statement 2: NABARD primarily focuses on urban infrastructure development projects.
Question : Statement 1: The National Bank for Agriculture and Rural Development (NABARD) was established in 1982.
Statement 2: NABARD provides financial support to agriculture and rural development projects.
Question : Statement 1: The Integrated Rural Development Program (IRDP) was launched to alleviate rural poverty in India.
Statement 2: The IRDP primarily focused on providing employment opportunities in the agricultural sector.
Question : Statement 1: Rural infrastructure development is essential for reducing regional disparities and promoting inclusive growth.
Statement 2: Access to basic amenities such as clean water, electricity, and sanitation facilities is crucial for rural development.
Question : Questions : Business Finance and Its Meaning
Statement 1: Financial planning plays a pivotal role in effective resource allocation.
Statement 2: Financial planning primarily focuses on production activities.
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