Which institution is the apex body for agricultural and rural credit in India?

The Food Corporation of IndiaCorrect answerYour answerThe Small Industries Development Bank of IndiaCorrect answerYour answerThe National Bank for Agriculture and Rural DevelopmentCorrect answerYour answerThe Export-Import Bank of IndiaCorrect answerYour answer

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CorrectNot quiteAnswer C

Correct answer: C

NABARD was established in 1982 and refinances the cooperative banks and regional rural banks that actually lend to farmers.
It supervises those banks as well as funding them.
It lends to institutions rather than to farmers directly, which is what 'apex' means here.

Worth noting

SIDBI plays the same role for small industry, and the Export-Import Bank for foreign trade. All three are apex institutions for different sectors.

Concept: The apex body for rural and agricultural credit
Typical timeTypical: 40 s
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The rule this testsRegulators and economic institutions

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Ten questions from Indian Economy & Institutions, at your own pace.

Which institution is the apex body for agricultural and rural credit in India?

Explanation