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Mock Test - 2 (Paper - I (GS) MPPSC)
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At present (2015), the contribution of Government of India and Reserve Bank of India in the capital of NABARD is in the ratio
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A
99 : 01
💡 Explanation:
Correct option is (4). NABARD was set up with an initial capital of 100 crore. Consequent to the revision in the composition of share capital between Government of India and RBI, the paid up capital as on 31 March 2015, stood at 5000 crore with Government of India holding 4,980 crore (99.60%) and Reserve Bank of India 20.00 crore (0.40%).