alleryStart learning →NABARD was set up in which year as the apex body for rural financing?
A1969
B1975
C1991
D1982
Answer & Solution
Correct answer: D. 1982
1. Rural credit is delivered by many institutions at once.
2. An apex body was needed to coordinate all of them.
3. The National Bank for Agriculture and Rural Development was set up in **1982**.
4. 1969 is the year social banking was adopted, which is the neighbouring date and the usual trap.
_Source: syllabus Indian Economic Development, Ch 5 "Rural Development", section 5.3 CREDIT AND MARKETING IN RURA L_
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