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      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.

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