Which of the following statements is/are true about NABARD? I. NABARD was formed on the recommendation of Sivaraman Committee. II. NABARD came into existence in 1980. III. It was set up with an initial capital of ₹100 crore.
Only I and III
Statement I is true. NABARD was formed on the recommendation of the Sivaraman Committee. Statement II is true. NABARD came into existence in 1980. Statement III is false. NABARD's initial capital was ₹100 crore. The statement mentions it as ₹100 crore which is true, but the question is if all are true, so option 4 is incorrect. Therefore, only statements I and II are true.
Important Questions from Banking Affairs
As per the provisions of Union Budget 2021-22, how many public sector banks have been lined up for disinvestment?
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