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What is the primary function of the National Bank for Agriculture and Rural Deve

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Question: What is the primary function of the National Bank for Agriculture and Rural Development (NABARD)?

Options:

  1. To regulate interest rates
  2. To provide credit and development support to agriculture
  3. To monitor inflation
  4. To issue currency

Correct Answer: To provide credit and development support to agriculture

Solution:

NABARD\'s primary function is to provide credit and development support to agriculture and rural development, facilitating growth in these sectors.

What is the primary function of the National Bank for Agriculture and Rural Deve

Practice Questions

Q1
What is the primary function of the National Bank for Agriculture and Rural Development (NABARD)?
  1. To regulate interest rates
  2. To provide credit and development support to agriculture
  3. To monitor inflation
  4. To issue currency

Questions & Step-by-Step Solutions

What is the primary function of the National Bank for Agriculture and Rural Development (NABARD)?
Correct Answer: NABARD ka primary function agriculture aur rural development ko credit aur development support dena hai.
  • 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.
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