Arrange these financial and development institutions chronologically when these were set up in India starting from the earliest to the latest:
(A) FCI
(B) NABARD
(C) NCDC
(D) CACP
Choose the correct answer from the options given below:
Arrange these financial and development institutions chronologically when these were set up in India starting from the earliest to the latest:
(A) FCI
(B) NABARD
(C) NCDC
(D) CACP
Choose the correct answer from the options given below:
Show Hint
- (A), (C), (D), (B)
- (B), (A), (D), (C)
- (C), (A), (D), (B)
- (D), (A), (C), (B)
The Correct Option is C
Solution and Explanation
1. NCDC (C - 1963): The National Cooperative Development Corporation was established on March 14, 1963, to promote cooperative development.
2. FCI (A - 1965): The Food Corporation of India was set up on January 14, 1965, for food grain procurement and distribution.
3. CACP (D - 1965): The Commission for Agricultural Costs and Prices (initially Agricultural Prices Commission) was formed in January 1965 to recommend minimum support prices.
4. NABARD (B - 1982): The National Bank for Agriculture and Rural Development was established on July 12, 1982, to support rural and agricultural finance.
The order NCDC (1963), FCI (1965), CACP (1965), NABARD (1982) corresponds to (C), (A), (D), (B), making option (3) correct. Note: FCI and CACP were both established in 1965; their order is based on specific dates (January), but either could precede the other in some contexts.
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