Arihant Expert Team Solutions for Chapter: National Bank for Agriculture and Rural Development (NABARD), Exercise 1: MULTIPLE CHOICE QUESTIONS

Consider the following statements:

A. National Bank for Agriculture and Rural Development (NABARD) is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.

B. NABARD was established on the recommendations of the Shivaraman Committee, by an act of Parliament on $12$th July $1982$.

C. Dr.Prakash Bakshi is the chairman of NABARD.

Which of the statements given above is/are incorrect?

Which of the following acts empowers NABARD to conduct an inspection of State Cooperative Banks (SCBs), Central Cooperative Banks (CCBs) and Regional Rural Banks (RRBs)?

The Credit Authorization DCCBs, which was in operation since $1974$, had been replaced by the Credit Monitoring Arrangement from April_____.

In economics, ALM stands for _____. 

Who among the following does not have equity participation in NABARD Financial Services Limited (NABFINS)?

NABARD Financial Services Limited (NABFINS) is a Non- Banking Financial Company(NBFC) registered with:

Who among the following has hundred percent stakes in NABARD?

When did NABARD celebrate its Silver Jubilee?