New IFSCA Phase 1 Results Out - Enroll Here for Phase 2

    Register

    Question

    Shares of Regional Rural Banks are held by:

    i) Central Government

    ii) State Government

    iii) RBI

    iv) Sponsor Banks

    v) NABARD

    A 1) Only i & iii Correct Answer Incorrect Answer
    B 2) Only ii & iii Correct Answer Incorrect Answer
    C 3) Only i, ii & iii Correct Answer Incorrect Answer
    D 4) Only i, ii and iv Correct Answer Incorrect Answer
    E 5) All of the above Correct Answer Incorrect Answer

    Solution

    RRBs Act 1976 mandates that of the capital issued by a RRB, 50% shall be held by the central government, 15% by the concerned state government and 35% by the sponsor bank.

    Practice Next

    Relevant for Exams: