Question

Put the following events in the order in which they occurred:
(A) India adopted social banking
(B) National Bank for Agriculture and Rural Development (NABARD) was set up
(C) Tamil Nadu Women in Agriculture (TANWA) was initiated
(D) Indian Parliament passed three laws to reform the agriculture marketing system
Choose the correct answer from the options given below:

• A. (A), (B), (D), (C)
• B. (A), (C), (B), (D)
• C. (B), (A), (D), (C)
• D. (C), (B), (D), (A)

Answer 1

The Correct Option is A

The question asks about the chronological order of key events in Indian economic and agricultural development. We need to arrange the events based on when they took place in history: 

1. (A) India adopted social banking: India adopted social banking in the late 1960s as part of broader efforts to expand financial inclusion and support rural development through measures such as the nationalization of banks in 1969.
2. (B) National Bank for Agriculture and Rural Development (NABARD) was set up: NABARD was established on 12 July 1982 to oversee the development and support of agriculture and rural areas in India.
3. (D) Indian Parliament passed three laws to reform the agriculture marketing system: This recent event occurred in 2020 as part of major agricultural reforms aimed at liberalizing agricultural markets.
4. (C) Tamil Nadu Women in Agriculture (TANWA) was initiated: TANWA started as a project in 1999 to empower and support women's involvement in agriculture in Tamil Nadu.

Based on the chronological order, the correct sequence of the events is: (A), (B), (D), (C).

Answer 2

The correct order of key events in India's agricultural and banking sector is as follows:

• Social banking was introduced in 1969, with the aim to expand banking services to the rural areas and provide credit facilities to the underserved sectors, including farmers and low-income groups. This initiative marked a significant step in financial inclusion.
• NABARD (National Bank for Agriculture and Rural Development) was set up in 1982 to promote sustainable rural development and ensure proper credit flow to the agriculture sector. NABARD's role in providing refinance to financial institutions that support rural development has been pivotal.
• Agricultural marketing laws were passed to improve the efficiency of agricultural markets and ensure fair prices for both farmers and consumers. These laws laid the foundation for modernizing the agricultural supply chain and improving market access for farmers.
• Finally, TANWA (Tamil Nadu Watershed Development Agency) was implemented in the 1980s as a state-level initiative aimed at improving water management, enhancing agricultural productivity, and promoting sustainable development in rural areas.

These events played a vital role in shaping India's agricultural landscape, fostering economic development in rural regions, and improving the overall financial ecosystem.