NABARD stands for :

Question

NABARD stands for :

Accepted Answer

NABARD stands for "National Bank for Agriculture and Rural Development," which is Option 2. This is the correct answer because NABARD is an apex development financial institution in India, established on 12 July 1982 by a special act of the parliament. Its primary focus is to provide credit and other facilities to promote agriculture, small-scale industries, cottage and village industries, handicrafts, and other rural crafts. It plays a crucial role in the development of rural areas in India by supporting and financing various rural development activities.

Now, let's examine why the other options are incorrect:

1. **Option 1: National Business for Accounting and Reviewing** - This option is incorrect because NABARD is not related to accounting or reviewing businesses. Its primary focus is on agriculture and rural development, not on business accounting or reviewing.

3. **Option 3: National Bank for Aeronautics and Radar Development** - This option is incorrect because NABARD has no connection with aeronautics or radar development. Its mandate is centered around agriculture and rural development, not technological or aeronautical advancements.

4. **Option 4: National Bureau for Air and Road Transport** - This option is incorrect because NABARD does not deal with air or road transport. Its focus is on providing financial support and development initiatives for agriculture and rural sectors, not transportation.

In conclusion, Option 2 is the correct answer because it accurately reflects the purpose and function of NABARD, which is dedicated to agriculture and rural development in India.