[amp_mcq option1=”a-1, b-3, c-2, d-4″ option2=”a-3, b-2, c-4, d-1″ option3=”a-4, b-3, c-1, d-2″ option4=”a-2, b-3, c-4, d-1″ correct=”option4″]<\/p>\n
The correct answer is: D. a-2, b-3, c-4, d-1.<\/p>\n
The Reserve Bank of India (RBI) was established on April 1, 1935. It is the central bank of India and is responsible for the formulation and implementation of monetary policy, regulation of the financial system, and management of the country’s foreign exchange reserves.<\/p>\n
The nationalisation of 14 major commercial banks took place in 1969. This was done with the objective of increasing the availability of credit to the agricultural and rural sectors, and to promote economic development.<\/p>\n
The nationalisation of 6 commercial banks took place in 1980. This was done with the objective of further increasing the availability of credit to the agricultural and rural sectors, and to promote economic development.<\/p>\n
Regional Rural Banks (RRBs) were established in 1975. They are rural-oriented banks that were set up with the objective of providing banking services to the rural areas.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
[amp_mcq option1=”a-1, b-3, c-2, d-4″ option2=”a-3, b-2, c-4, d-1″ option3=”a-4, b-3, c-1, d-2″ option4=”a-2, b-3, c-4, d-1″ correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33623","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"\n