Question
Consider the following statements about the NABARD?
I.NABARD was established on 12 July 1982.
II. NABARD is a regulatory body for regional rural banks and apex cooperative banks in India..
III. It is under the jurisdiction of the Ministry of Agriculture. Which of the following statements is/are incorrect?
Solution
NABARD was established on the recommendations of B.Sivaramman Committee (by Act 61, 1981 of Parliament) on 12 July 1982 NABARD is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of the Ministry of Finance, Government of India.
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