Agricultural Bank of China is one of the 'big four' banks in China. Which bank is Apex body India for Agricultural Development?

a. RRB

b. NHB

c. NABARD

d. RBI

ANSWER: NABARD

Explanation:

NABARD stands for National Bank for Agriculture and Rural Development.

NABARD is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.

NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.

In November 2016, Government has allowed NABARD to disburse Rs. 21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season

National Bank for Agriculture & Rural Development (NABARD)

• Founded : 12 July 1982
• Headquarter : Mumbai, Maharashtra
• Current Head : Dr. Harsh Kumar Bhanwala (Chairman)