Question

    Which of the following statements is/are not correct in

    regards to 6th FYP? It marked the beginning of economic liberalization NABARD was established in 1982 EXIM Bank was established in 1981 8 banks were Nationalized in 1980  
    A 1 only Correct Answer Incorrect Answer
    B 3 only Correct Answer Incorrect Answer
    C 1 & 3 Correct Answer Incorrect Answer
    D 2 & 4 Correct Answer Incorrect Answer
    E 3 & 4 Correct Answer Incorrect Answer

    Solution

    The Sixth Five-Year Plan marked the beginning of economic liberalisation. This was the end of Nehruvian socialism. The National Bank for Agriculture and Rural Development was established for development of rural areas on 12 July 1982 by recommendation of the Shivaraman Committee. EXIM Bank was established in 1982 and 6 more banks were Nationalized in 1980.

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