NABARD and rural credit MCQ — 1 Practice Questions with Answers

Explanation

NABARD was established in 1982 as India's apex development bank for agriculture and rural development. Its role includes refinancing, policy support and institution-building for rural credit, so it fits the question's reference to banking needs in rural areas. The Reserve Bank of India was set up in 1935 and is the central bank. Central Bank of India is an older commercial bank, not a 1982 rural development institution. SIDBI was established later, in 1990, and focuses on small industries rather than rural banking as such.