|1. Is an apex institution accredited with all matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas.|
|2. Is an apex refinancing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas|
|3. Takes measures towards institution building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc.|
|4. Co-ordinates the rural financing activities of all the institutions engaged in developmental work at the field level and maintains liaison with Government of India, State governments, Reserve Bank of India and other national level institutions concerned with policy formulation.|
|Which of the statements given above is/are correct?|
A) 1, 2, 3
B) 2, 3, 4
C) 1, 2, 3, 4
D) 1, 3, 4
Correct Answer: C
Solution :[c] National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an Act of the Parliament to promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institutional development and other innovative initiatives.
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