ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      Which statement is correct about Regional Rural Banks

      (RRBs)? (A) They are created under RRB Act 1982 (B) A Regional Rural Bank can open branch at any place in India, with prior approval of NABARD. (C) RRBs are exempted from maintaining CRR and SLR
      A Only (C) Correct Answer Incorrect Answer
      B Only (A), (B) & (D) Correct Answer Incorrect Answer
      C Only (A) & (C) Correct Answer Incorrect Answer
      D Only (A) & (D) Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      · 1. Regional Rural Banks were established under the provisions of the RRB Act 1976 to provide sufficient banking and credit facility for agriculture and other rural sectors. · 2. The area of operation of RRBs is limited to the area as notified by Government of India covering one or more districts in the State · 3. There is no exemption to RRBs for maintaining CRR and SLR

      Practice Next
      More Economy and Banking and Finance Static Concepts Questions

      Relevant for Exams:

      ask-question