Question

When was NABARD established?

• A. \(1929 \)
• B. \(1982 \)
• C. \(1905 \)
• D. \(1965 \)

Hint:

NABARD was established on 12 July 1982 and is India’s apex development bank responsible for agricultural and rural financing.

Answer 1

The Correct Option is B

Concept: NABARD stands for National Bank for Agriculture and Rural Development. It is an apex development financial institution in India responsible for promoting sustainable agriculture and rural economic development. It plays an important role in providing financial support for agriculture, cottage industries, village industries, and rural infrastructure.

Step 1: Understanding the full form of NABARD.
NABARD means: \[ National\ Bank\ for\ Agriculture\ and\ Rural\ Development \] It functions as the primary financial institution dealing with agricultural credit policies.

Step 2: Identifying the year of establishment.
NABARD was officially established on: \[ 12\ July,\ 1982 \] It was created on the recommendations of the B. Sivaraman Committee.

Step 3: Checking the given options.
Comparing the available options: \[ 1929 \rightarrow Incorrect \] \[ 1982 \rightarrow Correct \] \[ 1905 \rightarrow Incorrect \] \[ 1965 \rightarrow Incorrect \] Thus, the correct year is: \[ \boxed{1982} \] Hence option (B) is correct.