ExamVeda
Login
Home

RBI set up the Agricultural Refinance Corporation (ARC) in 1963 to...

This question belongs to Commerce Banking And Financial Institutions
Banking and Financial Institutions
?

RBI set up the Agricultural Refinance Corporation (ARC) in 1963 to work as a refinancing agency in providing medium term and long-term agricultural credit to support investment credit needs for agricultural development. In 1975, ARC was renamed as Agriculture Refinance and Development Corporation (ARDC) to give focused attention to credit offtake, development and promotion of the agricultural sector. Ultimately, NABARD was set by RBI in 1982 whose main function is that it:

Answer & Solution
Correct Answer: Option B
Let's discuss the solution. Join the discussion
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Banking and Financial Institutions

Identify the correct combination of statements with regard to banking in India.
1. For many years the presidency banks had acted as quasi-central banks.
2. The Bank of Hindustan was liquidated during 1829-32.
3. General Bank of India was an unsuccessful bank and was dissolved in 1791.
4. Bank of Calcutta was renamed as Bank of Bengal in 1921.
A. 1, 2 and 3 B. 2, 3 and 4 C. 1, 2 and 4 D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India B. Whole of India, except North Eastern States C. Whole of India, except the State of Jammu & Kashmir D. None of the above
One of the items is not related with e-banking.
A. Demand draft B. SPNS C. ECS D. ATM
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy B. Growing Indian transnational corporations C. Population control measures D. Clean environment
More Related Questions on Banking and Financial Institutions