economics medium MCQ

The National Bank for Agriculture and Rural Development (NABARD) was established in 1982 based on the recommendations of which committee?

  1. Narasimham Committee
  2. Shivaraman Committee
  3. Rangarajan Committee
  4. Gadgil Study Group

Answer: Shivaraman Committee

NABARD was set up on July 12, 1982, to replace the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of the RBI, along with the Agricultural Refinance and Development Corporation (ARDC). The Shivaraman Committee recommended a single, dedicated apex institution to oversee and refinance rural credit delivery in India.

Topic Indian Economy - Rural Credit
Exam Relevance UPSC Prelims, SSC CGL, Banking
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