2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6
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5
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4
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3
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Detailed explanation-1: -Centre amalgamates three regional rural banks.
Detailed explanation-2: -With a total of 56 RRBs in India, candidates across the country look forward to get recruited in one of these and join the banking sector.
Detailed explanation-3: -The Regional Rural Bank Amendment Act, 2015 enabled these banks to access the capital market outside their current shareholders - the central government, sponsor banks and the respective state governments - which hold shares in each RRB in the ratio of 50:35:15.
Detailed explanation-4: -UPSC Mains Q. Which state has the highest number of RRBs in India? Notes: Uttar Pradesh has the highest number of 36 RRBs, followed by, Madhya Pradesh with 19 and Bihar with 16 RRBs. There are no RRBs in Goa and Sikkim.
Detailed explanation-5: -Under the Ordinance of 1975, five regional rural banks were set up in the first phase. The first, Prathma Bank, was set up in Moradabad (U.P.) on 2nd October 1975. It was sponsored by Syndicate Bank. Four other banks were set up in Gorakhpur (U.P.), Malda (West Bengal), Bhiwani (Haryana), and Jaipur (Rajasthan).