Multiple choice

Which of the following statements is correct regarding NABARD?

  1. It is an apex bank functioning for Agriculture and Rural Development.
  2. It provides refinance to commercial banks for all-round rural development.
  3. It cannot raise funds from abroad.

  1. 1 and 2

  2. 1 and 3

  3. 2 and 3

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

NABARD is an apex bank for rural development and provides refinance. However, it is authorized to raise funds from abroad, making statement 3 incorrect.

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