Which bank is limited to the needs of agriculture and rural finance ?

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Q: 61 (CDS-II/2013)
Which bank is limited to the needs of agriculture and rural finance ?

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,131,6,1,131,2,3

keywords: 

{'rural finance': [0, 0, 0, 1], 'bank': [0, 1, 0, 1], 'agriculture': [5, 1, 0, 6], 'rbi': [1, 4, 2, 23], 'sbi': [0, 1, 0, 1], 'nabard': [0, 0, 1, 1]}

The correct answer is option 2, NABARD. NABARD is an acronym for the National Bank for Agriculture and Rural Development. It is a specialized bank that focuses on the needs of agriculture and rural finance in India. NABARD plays a crucial role in improving rural areas by providing credit facilities to farmers and rural development agencies.

Option 1, SBI or the State Bank of India, is a leading public sector bank in India but it caters to a wide range of banking services beyond just agriculture and rural finance.

Option 3, IFC or the International Finance Corporation, is a member of the World Bank Group and focuses on promoting private sector investment in developing countries.

Option 4, RBI or the Reserve Bank of India, is the central bank of the country and is responsible for regulating the overall banking system and monetary policy. While RBI does have some initiatives for agriculture and rural finance, it does not exclusively cater to these needs like NABARD does.

Therefore, the correct answer is option 2, NABARD.

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