Question : Regional Rural Banks are sponsored by:
Option 1: Nationalised Commercial Bank
Option 2: Reserve Bank of India
Option 3: State Bank of India
Option 4: Government of India
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Correct Answer: Nationalised Commercial Bank
Solution : The correct option is the Nationalised Commercial Bank.
Regional Rural Banks (RRBs) in India are specialised financial institutions established with the primary aim of catering to the banking and financial needs of rural and semi-urban areas. They are a crucial factor in these regions' economic development and financial inclusion.
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Question : Which of the following sponsors Regional Rural Banks (RRBs)?
Option 1: RBI
Option 2: Foreign banks
Option 3: National commercial banks
Option 4: Co-operative banks
Question : Which of the following is not a part of the institutional structure of rural banking?
Option 1: Moneylenders
Option 2: Regional rural banks
Option 3: Commercial banks
Option 4: Cooperative and land development banks
Question : Reserve Bank of India was nationalised in:
Option 1: 1947
Option 2: 1948
Option 3: 1949
Option 4: 1951
Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Question : Which of the following was established on the recommendation of the Hilton Young Commission?
Option 1: The Securities and Exchange Board of India (SEBI)
Option 2: The Reserve Bank of India
Option 4: National Bank for Agriculture and Rural Development
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