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

Q: Which statement is correct about Regional Rural Banks (RRBs)? (A) They are created under RRB Act 198

· 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

A Only (C)

B Only (A), (B) & (D)

C Only (A) & (C)

D Only (A) & (D)

E None of these

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Relevant for Exams:

RBI Grade B

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

Solution

Relevant for Exams:

I Pledged to:

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

Solution

Relevant for Exams:

I Pledged to:

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