Which activity describes NABARD’s refinance role in rural development?
Question and options
Which activity describes NABARD’s refinance role in rural development?
Making retail loans directly to the general public
Taking savings deposits from the general public
Providing refinance to eligible commercial banks and regional rural banks for rural credit
Acting as the general market manager for government securities
Answer and explanation
Correct answer: C - Providing refinance to eligible commercial banks and regional rural banks for rural credit
NABARD provides refinance to eligible lending institutions, including commercial banks and regional rural banks, to support rural credit. Those institutions can in turn finance eligible rural activities.
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