NABARD came into existence in which year, taking over RBI's agricultural credit functions?
A1969
B1975
C1982
D1991
Answer & Solution
Correct answer: C. 1982
NABARD began on 12 July 1982 by taking over RBI's agricultural credit and ARDC's refinance functions.
Keep practising Financial Regulators
Browse all Financial Regulators questions for RRB NTPC, or explore more Economy topics.
Related questions
Which committee led by the RBI Governor sets repo rates?Which RBI subsidiary fosters financial technology innovation?RBI acts as custodian of forex reserves under which Act?Which RBI subsidiary provides deposit insurance coverage to bank depositors in India?Payment systems like NEFT and RTGS are regulated under:Under which legislation does the RBI regulate and license non-banking financial companies Which body was set up under RBI in 1994 for bank supervision?In which Indian metropolis is the head office of NABARD located?