Which of the following committees recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD) ?
B. Sivaraman Committee
NABARD was set up on 12 July 1982 by an Act of Parliament as the apex development bank for agriculture and rural credit, taking over the agricultural credit functions of the RBI and the refinance role of the Agricultural Refinance and Development Corporation.
Its creation was recommended by the Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), constituted by the RBI in 1979 under the chairmanship of B. Sivaraman.
The Narasimham committees dealt with financial and banking sector reforms, the A.M. Khusro committee reviewed the agricultural credit system in 1989, and Y.V. Reddy was an RBI Governor, not linked to NABARD's founding.
Hence, B. Sivaraman Committee.
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Important Questions from Money and Banking
Which one of the following is likely to be the most inflationary in its effects?
Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?
Consider the following statements :
The effect of devaluation of a currency is that it necessarily
1. improves the competitiveness of the domestic exports in the foreign markets
2. increase the foreign value of domestic currency
3. improves the trade balance
Which of the above statements is/are correct?
Indian Government Bond Yields are influenced by which of the following?
1. Actions of the United States Federal Reserve
2. Actions of the Reserve Bank of India
3. Inflation and short-term interest rates
Select the correct answer using the code given below.
With reference to “Urban Cooperative Banks" in India, consider the following statements :
1. They are supervised and regulated by local boards set up by the State Governments.
2. They can issue equity shares and preference shares.
3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966
Which of the statements given above is/are correct?
