Q. In which year, the Agricultural Refinance Corporation (ARC) was set up?
Answer: 1963
Notes: Reserve Bank of India (RBI) set up the Agricultural Refinance Corporation (ARC) in 1963 to work as a refinancing agency in providing medium-term and long term agricultural credit to support investment credit needs for agricultural development. In 1975, ARC was renamed as Agriculture Refinance and Development Corporation (ARDC) to give focussed attention to credit offtake, development, and promotion of the agricultural sector.