Regional Rural Banks were set-up with

BANKING GENERAL KNOWLEDGE

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

A	Reserve Bank of India Act
B	Regional Rural Banks Act, 1976
C	NABARD Act
D	None of the above

Explanation:

Detailed explanation-1: -Regional Rural Banks were establishedunder the provisions of an Ordinance passed on September 1975 and the RRB Act.

Detailed explanation-2: -Regional Rural Banks were established under the provisions of an ordinance passed on 26 September 1975 and the RRB Act 1976 to provide sufficient banking and credit facility for agriculture and other rural sectors.

Detailed explanation-3: -Regional Rural Banks were established under the provisions of an Ordinance passed on 26 September 1975 and the RRB Act 1987 to provide sufficient banking and credit facility for agriculture and other rural sectors.

Detailed explanation-4: -The correct answer is the Regional Rural Banks. The Regional Rural Banks (RRBs) are government-owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India.

There is 1 question to complete.