{"id":89396,"date":"2025-06-01T10:03:43","date_gmt":"2025-06-01T10:03:43","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=89396"},"modified":"2025-06-01T10:03:43","modified_gmt":"2025-06-01T10:03:43","slug":"which-of-the-following-statements-regarding-regional-rural-banks-rrb","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-regarding-regional-rural-banks-rrb\/","title":{"rendered":"Which of the following statements regarding Regional Rural Banks (RRB)"},"content":{"rendered":"<p>Which of the following statements regarding Regional Rural Banks (RRB) in India is\/are correct ?<\/p>\n<ul>\n<li>The basic aim of setting up the RRBs is to develop rural economy.<\/li>\n<li>The area of RRBs is limited to a specific region comprising one or more districts.<\/li>\n<li>RRBs are sponsored by Commercial Banks.<\/li>\n<\/ul>\n<p>Select the correct answer using the code given below :<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;1 and 2 only&#8221; option3=&#8221;2 and 3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option4&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC CAPF &#8211; 2011<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-capf-2011.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-capf-2011\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nAll three statements are correct regarding Regional Rural Banks (RRBs) in India. RRBs were established with the primary objective of providing credit and other banking facilities to small and marginal farmers, agricultural labourers, artisans, and small entrepreneurs in rural areas to facilitate the development of the rural economy. The operations of each RRB are confined to a specific geographical area, usually comprising one or more districts within a state. Every RRB is sponsored by a Scheduled Commercial Bank, which provides financial and managerial assistance. The ownership structure is Central Government (50%), State Government (15%), and Sponsor Bank (35%).<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; RRBs were set up to cater to the credit and banking needs of the rural population.<br \/>\n&#8211; Their operational area is restricted to a defined region (districts).<br \/>\n&#8211; RRBs are sponsored by Commercial Banks.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nRRBs were established based on the recommendations of the Narasimham Working Group (1975). They combine the local feel and familiarity of cooperative banks with the professional management and resource base of commercial banks.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Which of the following statements regarding Regional Rural Banks (RRB) in India is\/are correct ? The basic aim of setting up the RRBs is to develop rural economy. The area of RRBs is limited to a specific region comprising one or more districts. RRBs are sponsored by Commercial Banks. Select the correct answer using the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Which of the following statements regarding Regional Rural Banks (RRB)\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-regarding-regional-rural-banks-rrb\/#more-89396\">Detailed Solution<span class=\"screen-reader-text\">Which of the following statements regarding Regional Rural Banks (RRB)<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1465,1120,1190],"class_list":["post-89396","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1465","tag-economic-development","tag-money-banking","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following statements regarding Regional Rural Banks (RRB)<\/title>\n<meta name=\"description\" content=\"All three statements are correct regarding Regional Rural Banks (RRBs) in India. RRBs were established with the primary objective of providing credit and other banking facilities to small and marginal farmers, agricultural labourers, artisans, and small entrepreneurs in rural areas to facilitate the development of the rural economy. The operations of each RRB are confined to a specific geographical area, usually comprising one or more districts within a state. Every RRB is sponsored by a Scheduled Commercial Bank, which provides financial and managerial assistance. The ownership structure is Central Government (50%), State Government (15%), and Sponsor Bank (35%). - RRBs were set up to cater to the credit and banking needs of the rural population. - Their operational area is restricted to a defined region (districts). - RRBs are sponsored by Commercial Banks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-regarding-regional-rural-banks-rrb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following statements regarding Regional Rural Banks (RRB)\" \/>\n<meta property=\"og:description\" content=\"All three statements are correct regarding Regional Rural Banks (RRBs) in India. RRBs were established with the primary objective of providing credit and other banking facilities to small and marginal farmers, agricultural labourers, artisans, and small entrepreneurs in rural areas to facilitate the development of the rural economy. The operations of each RRB are confined to a specific geographical area, usually comprising one or more districts within a state. Every RRB is sponsored by a Scheduled Commercial Bank, which provides financial and managerial assistance. The ownership structure is Central Government (50%), State Government (15%), and Sponsor Bank (35%). - RRBs were set up to cater to the credit and banking needs of the rural population. - Their operational area is restricted to a defined region (districts). - RRBs are sponsored by Commercial Banks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-regarding-regional-rural-banks-rrb\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:03:43+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which of the following statements regarding Regional Rural Banks (RRB)","description":"All three statements are correct regarding Regional Rural Banks (RRBs) in India. 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RRBs were established with the primary objective of providing credit and other banking facilities to small and marginal farmers, agricultural labourers, artisans, and small entrepreneurs in rural areas to facilitate the development of the rural economy. The operations of each RRB are confined to a specific geographical area, usually comprising one or more districts within a state. Every RRB is sponsored by a Scheduled Commercial Bank, which provides financial and managerial assistance. 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