New 55% Off on All Courses - Enroll Now! Click Here

    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: