What is the primary function of the National Bank for Agriculture and Rural Development (NABARD)?
Practice Questions
1 question
Q1
What is the primary function of the National Bank for Agriculture and Rural Development (NABARD)?
To regulate interest rates
To provide credit and development support to agriculture
To monitor inflation
To issue currency
NABARD's primary function is to provide credit and development support to agriculture and rural development, facilitating growth in these sectors.
Questions & Step-by-step Solutions
1 item
Q
Q: What is the primary function of the National Bank for Agriculture and Rural Development (NABARD)?
Solution: NABARD's primary function is to provide credit and development support to agriculture and rural development, facilitating growth in these sectors.
Steps: 5
Step 1: Understand that NABARD stands for National Bank for Agriculture and Rural Development.
Step 2: Recognize that NABARD focuses on agriculture and rural areas.
Step 3: Identify that NABARD provides financial support, which means it gives loans and credit.
Step 4: Learn that NABARD also helps in developing agriculture and rural sectors, which means it supports projects and initiatives that improve these areas.
Step 5: Conclude that the main job of NABARD is to help agriculture and rural development grow by providing money and support.
