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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.

Question

span >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

B 2) Only ii & iii

C 3) Only i, ii & iii

D 4) Only i, ii and iv

E 5) All of the above

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span >Shares of Regional Rural Banks are held by: i) Central Government ii) State Government iii) RBI iv) Sponsor Banks v) NABARD

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