2011 · Q43
Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct?
- 1The basic aim of setting up the RRBs is to develop rural economy.
- 2The area of RRBs is limited to a specific region comprising one or more districts.
- 3RRBs are sponsored by Commercial Banks.
Select the correct answer using the codes given below.
indian-polity-economybanking-economy
- AOnly 1
- B1 and 2
- C2 and 3
- D1, 2 and 3
Explanation
RRBs aim to develop the rural economy, operate in specific regions of one or more districts, and are sponsored by commercial banks.