Question

Which statement is not correct about NABARD.

(A) NABARD was established in 1984

(B) NABARD is apex bank which deals with credit flow to agriculture and rural sector

(C) It issues licences to RRBs and Cooperative Banks

(D) It prepares rural credit plans, annually, for all districts in the country.

A Only (C) Correct Answer Incorrect Answer
B Only (A), (B) & (D) Correct Answer Incorrect Answer
C Only (A) & (C) Correct Answer Incorrect Answer
D Only (A) & (D) Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

NABARD was established in 1982. NABARAD recommends about licensing of RRBs and Cooperative Banks to RBI but licences are issued by RBI.

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