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    Question

    Which statement is incorrect about

    NABARD?
    A The government of India holds 100% stake in NABARD. 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

    The government of India now holds 100% stake in The government of India now holds 100% stake in NABARD. RBI's divestment in Nabard was based on the recommendations of the Narasimham Committee-II.

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