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      Question

      What role does NABARD play in promoting financial

      inclusion?
      A Regulating the banking sector Correct Answer Incorrect Answer
      B Providing loans to large industries Correct Answer Incorrect Answer
      C Supporting self-help groups and microfinance institutions Correct Answer Incorrect Answer
      D Managing foreign exchange reserves Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Explanation: NABARD works towards promoting financial inclusion in rural areas. It supports the establishment and development of self-help groups (SHGs), microfinance institutions (MFIs), and cooperatives to enhance access to financial services for rural households. NABARD also promotes financial literacy and capacity building among rural communities.

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