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Railways PYQCBT 2 2017

RRB NTPC · Question 26

Choose the most appropriate description : National Bank for Agriculture and Rural Development is a ______.

  1. Development Bank

  2. Commercial Bank

  3. Small and Medium Enterprise

  4. Supervisory Institution

Show answer & explanation

Answer: (A) Development Bank

Explanation

NABARD, set up in 1982, is India's apex development bank for agriculture and rural development. It refinances banks for rural credit and also supervises regional rural banks and cooperative banks, but its main identity is that of a development bank.