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Multiple Choice Questions

What is true about regional rural bank RRB ........

General Awareness : Finance Banking Awareness

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What is true about regional rural bank (RRB)

This questions was previously asked in

RBI Grade B (28 May 2022)

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Created under the Banking Regulation Act, 1949.

It is owned by RBI and the Government of India.

Regional Rural banks caters to priority sector lending only.

Main objective to develop rural economy by providing credit facilities for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas.

All of these are correct

Explanation:

Main objective to develop rural economy by providing credit facilities for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas.

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