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Question
Name one development bank.
Answer in Brief
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Solution 1
- Development banks are financial institutions that prioritise meeting society's basic needs, leading to growth and development in social and economic areas.
- However, societal demands vary by place due to changes in social structure, economy, and offerings.
- The National Bank for Agriculture and Rural Development (NABARD) is India's agricultural development bank.
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Solution 2
Small Industries Development Bank of India.
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Notes
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