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Question
What was one main reason the Government of India established NABARD in 1982?
Options
To regulate urban banks only.
To boost rural credit and development.
To set up new international banks.
To promote only technology in cities.
MCQ
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Solution
To boost rural credit and development.
Explanation:
NABARD was created to make loans accessible, promote rural development, and uplift weaker sections in rural India.
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