Question

Match List-I with List-II
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Choose the correct answer from the options given below:

• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
• (A) - (II), (B) - (III), (C) - (IV), (D) - (I)
• (A) - (IV), (B) - (I), (C) - (II), (D) - (III)

Hint:

Remembering that RRBs were started on Gandhi Jayanti in 1975, and NABARD was formed in the early 1980s (1982) allows you to easily eliminate incorrect options in matching questions.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
This question tests historical milestones in the Indian agricultural finance and national banking systems.

Step 3: Detailed Explanation:
Let us look at each banking milestone and its historical year:
- (A) Formation of NABARD:
The National Bank for Agriculture and Rural Development (NABARD) was established on July 12, 1982, based on the recommendations of the B. Sivaraman Committee.
It was designed to act as the apex regulatory body for agriculture and rural credit.
Thus, (A) matches with (II) 1982.
- (B) Nationalization of Commercial Banks:
The Government of India nationalized 14 major commercial banks with deposits exceeding Rs 50 crores on July 19, 1969.
This policy was intended to ensure credit was channeled into priority sectors like agriculture.
Thus, (B) matches with (III) 1969.
- (C) Undertaking of RBI (Nationalization):
The Reserve Bank of India, established in 1935 as a private shareholders' bank, was nationalized on January 1, 1949, following the passage of the Transfer of Public Ownership Act.
Thus, (C) matches with (IV) 1949.
- (D) Start of Regional Rural Banks (RRB):
RRBs were established on October 2, 1975 (on Gandhi Jayanti), under the recommendations of the Narasimham Committee.
They were designed to provide credit to small and marginal farmers, agricultural laborers, and rural artisans.
Thus, (D) matches with (I) 1975.
Combining these matches, we get:
(A) - (II), (B) - (III), (C) - (IV), (D) - (I).

Step 4: Final Answer:
The correct matching sequence is Option (C).