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
Who has been appointed as the new Chairman and Managing Director of SIDBI, in April 2021?
What is the picture on the reverse side of the new 2000 rupee note of the Mahatma Gandhi (New) series?
As per the provisions of Union Budget 2021-22, how many public sector banks have been lined up for disinvestment?
Which country has the largest number of bank branches in the world?
Which bank's tag line is, "Badhti ka nam Zindagi."?
