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Which one of the following is not the attribute/main function of NABARD?

  1. A
    Apex institution of rural sector
  2. B
    Promoting integrated rural development
  3. C
    Long-term credit to State Government for share capital of co-operative society
  4. D
    Apex financial institution of industrial credit

Solution & Step-by-step Explanation

National Bank for Agriculture and Rural Development (NABARD) is the apex developmental financial institution dedicated to agriculture and rural development. Providing apex industrial credit is the function of institutions like the Industrial Development Bank of India (IDBI) or SIDBI, not NABARD.

Practice this question

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Which one of the following is not the attribute/main function of NABARD?
A
Apex institution of rural sector
B
Promoting integrated rural development
C
Long-term credit to State Government for share capital of co-operative society
D
Apex financial institution of industrial credit

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