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    Question

    National Bank for Agriculture and Rural Development

    (NABARD) was constituted on the recommendation of ____________.
    A Bimal Jalan Committee Correct Answer Incorrect Answer
    B Indu Jain Committee Correct Answer Incorrect Answer
    C Shri B. Sivaraman Correct Answer Incorrect Answer
    D Parliamentary Standing Committee on Economic Affairs Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) at the insistence of the Government of India, constituted a Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) in 1979, under the Chairmanship of Shri B. Sivaraman, former member of Planning Commission. The Committee’s report (1979) outlined the need for a new organisational device for providing undivided attention, forceful direction and pointed focus to credit related issues linked with rural development.

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