Consider the following statements:begin{enumerate}item Regional Rural Banks grant direct loans and advances to marginal farmers and rural artisans.item NABARD is responsible for laying down policies and to oversee the operations of the RRBs.item RRB is not responsible for laying down policies.end{enumerate} Which of the statements given above is/are correct?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Consider the following statements:

A	1 only
B	2 only
C	Both 1 and 2
D	Neither 1 nor 2

Explanation:

Detailed explanation-1: -Regional Rural Banks (RRBs) and Land Development Banks (LDBs) provide direct credit assistance to rural households.

Detailed explanation-2: -Medium-term Conversion. NABARD provides medium-term credit limits for conversion of short-term crop loans advanced for financing seasonal agricultural operations (SAO) to State Co-operative Banks and Regional Rural Banks for providing relief to the farmers whose crops have been damaged due to natural calamities.

Detailed explanation-3: -Automatic Refinance Scheme (ARF)

There is 1 question to complete.