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Question : Consequent to the recommendations of the Working Group on Rural Banks, 5 rural Regional Banks were initially set up in the year:

Option 1: 1973

Option 2: 1974

Option 3: 1975

Option 4: 1976


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: 1975


Solution : The correct option is 1975 .

Five Regional Rural Banks (RRBs) were first established in India in 1975 by the recommendations of the Working Group on Rural Banks. To address the credit demands of the most disadvantaged segments of society, these banks were created to offer adequate banking and credit facilities for agricultural and other rural sectors. The purpose of the RRBs is to provide rural finance in addition to commercial banks and cooperatives.

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