Question

An all India Development Financial Institution, NABARD primarily deals with

• A. Industries
• B. Foreign trade
• C. Tourism
• D. Agricultural and Rural development

Hint:

Learn the acronyms!
N-A-B-A-R-D contains "A" for Agriculture and "R-D" for Rural Development.
This lets you extract the core sector directly from the name.

Answer 1

The Correct Option is D

Step 1: Understanding the Question:
This question tests knowledge of financial institutions in India and their specialized sectors of operation.

Step 2: Key Formulas and approach:
Analyze the full acronym expansion of the institution "NABARD".
Identify the primary mandate given to this apex body upon its establishment.

Step 3: Detailed Explanation:

• NABARD stands for National Bank for Agriculture and Rural Development.

• It was established on July 12, 1982, based on the recommendations of the B. Sivaraman Committee.

• It serves as the apex development financial institution under the jurisdiction of the Ministry of Finance, Government of India.

• Its primary mandate is to provide credit, policy planning, and monitoring services for agriculture, small-scale cottage industries, and overall rural infrastructure.

• SIDBI and IDBI deal with industries, EXIM Bank handles foreign trade, and TFCI handles tourism finance; NABARD is strictly dedicated to rural sectors.


Step 4: Final Answer:
NABARD primarily deals with agricultural and rural development, which corresponds to Option (D).