| I. They are apex institution for providing credit facility to agricultural and rural areas. |
| II. These are the most important source of rural credit. |
| III. They provide finance rural credit directly through Regional Rural Banks (RRBs). |
A) I & II
B) Only I
C) Only II
D) None of the above
Correct Answer: B
Solution :
NABARD is the apex institution for providing credit facility to agricultural and rural areas. It came into existence on July 12, 1982 and took over the functions of the erstwhile Agricultural Credit Development (ACD), Rural Planning and Credit Cell (RPCC) of RBI and the Agricultural Refinance Development Corporation (ARDC).
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