On July 12, 1982, the ARDC was merged into
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RBI
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NABARD
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EXIM Bank
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None of the above
B
Correct answer
Explanation
The Agricultural Refinance and Development Corporation (ARDC) was merged into the newly established National Bank for Agriculture and Rural Development (NABARD) on July 12, 1982. NABARD was created to consolidate rural credit functions and provide comprehensive refinance support to agricultural lending institutions.