Question

Which statement is incorrect about NABARD?

A It is an apex development bank of India. Correct Answer Incorrect Answer
B Its headquarter is at Mumbai Correct Answer Incorrect Answer
C It is involved in policy, planning and operations in the field of credit for agriculture and rural sectors Correct Answer Incorrect Answer
D It is owned by RBI. Correct Answer Incorrect Answer
E All are correct Correct Answer Incorrect Answer

Solution

RBI sold its stake in NABARD to the Government of India, which now holds 99% stake.

Practice Next

Relevant for Exams:

×
×