Multiple choice general knowledge

On July 12, 1982, the ARDC was merged into

  1. RBI

  2. NABARD

  3. EXIM Bank

  4. None of the above

Reveal answer Fill a bubble to check yourself
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.