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NDA 2016 GAT · General Knowledge · Indian Economy · medium

NABARD, established in 1982, is the apex institution for

Single correct option

NABARD, established in 1982, is the apex institution for
  1. A. Industrial finance
  2. B. Foreign exchange control
  3. C. Housing loans
  4. D. Agriculture and rural development finance
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Answer: (D) Agriculture and rural development finance

The National Bank for Agriculture and Rural Development was set up on the recommendation of the Shivaraman Committee to look after credit for agriculture, small industries and rural development. IDBI and SIDBI were for industrial finance, the RBI looks after foreign exchange control, and the National Housing Bank handles housing finance.
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Original question written in the NDA 2016 GAT pattern and checked twice for the correct answer. Not an official question paper. How we write and check questions · Corrections policy · Report a mistake