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Institutional evolution: ARDC later became a part of which body? ARDC = Agricultural Refinance and Development Corporation, merged during rural credit reforms. Choose the correct option.

Q: Institutional evolution: ARDC later became a part of which body? ARDC = Agricultural Refinance and Development Corporation, merged during rural credit reforms. Choose the correct option.

Fact In 1982, ARDC was merged into NABARD, which took over agricultural refinance/development functions. Final Answer NABARD (National Bank for Agriculture and Rural Development)

Difficulty: Easy

NABARD (National Bank for Agriculture and Rural Development)
RBI (Reserve Bank of India)
SBI (State Bank of India)
Exim Bank of India

Correct Answer: NABARD (National Bank for Agriculture and Rural Development)

Explanation:

Fact

In 1982, ARDC was merged into NABARD, which took over agricultural refinance/development functions.

Final Answer
NABARD (National Bank for Agriculture and Rural Development)

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