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Which organization among the following was set up in 1982 to coordinate the activities of all institutions involved in the rural financing system?

Which organization among the following was set up in 1982 to coordinate the activities of all institutions involved in the rural financing system? Correct Answer NABARD, NABARD

The correct answer is option 3, i.e. NABARD.

NABARD was set up in 1982 to coordinate the activities of all institutions involved in the rural financing system.

  • NABARD stands for National Bank for Agriculture and Rural Development.
  • It is a development financial institution in India. It was established in July 1982 and headquarter is located in Mumbai.
  • It is a statutory body under the National Bank for Agriculture and Rural Development Act 1981.
  • It is mainly responsible for the development of agriculture, cottage industries, and other rural projects.
  • It provides financial support for building rural infrastructure and prepare credit plans to motivate the banking industry in achieving goals in rural areas.
  • It provides training for artisans and preparing the market for their products. It also implements union government development schemes.

 

Institutions

Features

Food Corporation of India, FCI
  • FCI is a statutory body and was set up under the Food Corporation Act 1964.
  • It was set up in 1965 and having headquarter in New Delhi.
  • It works under the Ministry of Consumer Affairs Food and Public Distribution.

Small Industries Development Bank of India, SIDBI
  • It is a development financial institution and works under the Department of Financial Services.
  • It was established in 1990 by the Act of Parliament. It is headquartered in Lucknow.
  • It is providing financial facilities to micro, small and medium enterprises.
  • It is regulated and supervised by the Reserve bank of India.

Agriculture and Processed Food Products Exports Development Authority, APEDA
  • It works for the promotion of export for agricultural products under the Ministry of Commerce and Industry.
  • It was established in 1985 by the act of parliament called the Agricultural and Processed Food Products Export Development Authority Act, 1985

Related Questions

Which one of the following institution was set up in 1982 A.D. as an apex body to coordinate the activities of all institutions involved in the rural financial system?
Consider the following statements  1.NABARD was established in 1985. 2.NABARD was established as an apex body to coordinate the activities of all institutions involved in the rural financing system. Which of the statements given above is/are correct?
Consider the following statements about National Bank for Agriculture & Rural Development (NABARD). 1. NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas. 2. It was established based on the recommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship of Narasimham. 3. International associates of NABARD include World Bank-affiliated organisations and global developmental agencies working in the field of agriculture and rural development. Which of the above statements is/are correct?
Which of the following activities should be shown separately in the cash flow statement prepared as per accounting standard-3?
I. Cash flow from borrowing activities.
II. Cash flow from operating activities.
III. Cash flow from financing activities.
IV. Cash flow from investing activities.
V. Cash flow from miscellaneous activities.
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Which of the following activities should be shown separately in the cash flow statement prepared as per Accounting Standard-3?
1. Cash flow from borrowing activities
2. Cash flow from operating activities
3. Cash flow from financing activities
4. Cash flow from investing activities
5. Cash flow from miscellaneous activitie
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Read the passage carefully and select the best answer to each question out of the given four alternatives. One should consciously engage in activities that will nourish your soul. Just as we nourish the body, we need to nurture the soul to connect to the creative power ofthe universe and to manifest joy in our lives. Often, we forget to address the soul, lost as we are in a jungle of material and sensual pleasures. But the more youembrace what feeds your soul, the happier you become. So if you want to enjoy the abundance of life, engage in what enriches your soul. Nurturing the soul is allabout finding calm amidst chaos. There are a number of practices that empower people towards this end including silent contemplation, various forms of meditation,yoga and tai chi However, the rigor and discipline involved in the pursuit of such practices often seems to discourage people. Add to this, the temptations of thematerial world that leave little time and motivation for anyone to pursue the spiritual path. Poet Walt Whitman declared: “Whatever satisfies the soul is truth”. Thegood news is that simple, everyday activities can also nutrify the soul — like spending time in the midst of nature, dancing in the rain or just putting thoughts onpaper. Do whatever is calming and pleases you. Creative pursuits are particularly appealing as inside each one of us, there is an artist craving for release andawaiting an opportunity for expression. One of the ways to indulge the artist within is to get started with the practice of any one or more of the creative art formssuch as music, singing, dancing, acting, drawing, painting, sculpting, poetry, fiction or essay writing. When you engage in such soul nourishing activities, all thought and energy gets focused toward goal accomplishment. At this point, you will find that even unknownforces of the universe are conniving to assist you in your amateurish but sincere attempts. As you progress, you are motivated to do better. You touch and access afaculty, a part of you that you never knew existed. Your inner artist is unleashed, baring the beauty of your soul that has found a fond medium of expression. Forinstance, a sculptors soul is seen in his artwork; a musicians in his compositions; an actors in his acting, a painters in his paintings and so on. It is immaterialwhether your effort is an immaculate artwork or just a clumsy attempt by a layperson. The idea is to try, be inspired and to create giving free rein to the mind. AsMichelangelo remarked: “I saw the angel in the marble and carved until I set him free”! What can you infer from Michelangelos statement - "I saw the angel in the marble and carved until I set him free"?