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Question

Which of the following statement is the objective(s) of setting up of Regional rural banks?

(i) development of agriculture, trade and other productive activities in rural area

(ii) provide credit and other facilities to the small and marginal farmers and small entrepreneurs.

This question was previously asked in
SSC CGL 2020 (Tier-2) Statistics Previous Year Paper 3 (28-Jan-2022)
The correct answer is

Both (i) and (ii)

Regional Rural Banks (RRBs) were established to promote rural development. Their objectives include the development of agriculture, trade, and provision of credit to small/marginal farmers and small entrepreneurs. Thus, both statements are correct.

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Similar Questions

  1. The Central Government has amalgamated three Regional Rural Banks - Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank into a single RRB with effect from.

  2. Which of the following CANNOT be attributed directly and capitalised while calculating depreciation?


Important Questions from RRBs & NABARD

  1. NABARD launched a special pilot project in 2004 - 05 called _______ mainly to fulfil the credit needs of the small and marginal farmers and tenant farmers.

  2. Which institution had launched the project E-Shakti for the digitization of all members of self-help groups in India?

  3. Where is the headquarters of National Bank for Agriculture and Rural Development of India (NABARD) located?

  4. ______ came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation.

  5. Which institution launched the Self-Help Group - Bank Linkage Programme in 1992-93?

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