6th World Congress on Rural and Agricultural Finance

Current context: Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman inaugurated the 6th World Congress on Rural and Agriculture Finance on 12th November 2019.

• The 6th World Congress is jointly organised by:

1. National Bank for Agriculture and Rural Development (NABARD)
2. Asia - Pacific Rural Agricultural and Credit Association (APRACA)
3. Ministry of Agriculture Farmers Welfare

• It aims to provide pathways to all stakeholders for extending financial services to the rural and agricultural sector.
• The representatives of banks and financial institutions from over 40 countries have gathered in the conference to deliberate on the subject of Rural and Agriculture Finance: Critical Input to Achieve Inclusive and Sustainable Development.
• Asia - Pacific Rural Agricultural and Credit Association (APRACA) is a regional association facilitates mutual exchange of information and expertise in the field of rural finance to avert financial risks.

Question: 

Q.1 APRACA, which recently organised the 6th World Congress on Rural and Agriculture Finance, stands for?
a. All Parties Rural Agricultural and Community Association
b. Asia - Pacific Rural Agricultural and Credit Association
c. Asia’s People Rural Agricultural and Community Association
d. Asia-Pacific Rural Agricultural Community Association