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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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