Q. Consider the following statements regarding the National Cooperative Development Corporation (NCDC):
1.It is a statutory corporation established in 1963 under an Act of Parliament to promote, finance, and develop cooperative societies across India.
2.The primary focus of NCDC is on supporting agriculture, dairy, fisheries, and rural industries through financial and technical assistance to cooperatives.
Which of the above statements is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: Both 1 and 2 are correct

  • The NCDC is a statutory body set up in 1963 with the main objective of supporting and developing cooperatives, especially in agriculture and rural development sectors, by providing financial and technical aid.

Source: PIB

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