Question : Regional Rural Banks are sponsored by:
Option 1: Nationalised Commercial Bank
Option 2: Reserve Bank of India
Option 3: State Bank of India
Option 4: Government of India
Correct Answer: Nationalised Commercial Bank
Solution : The correct option is the Nationalised Commercial Bank .
Regional Rural Banks (RRBs) in India are specialised financial institutions established with the primary aim of catering to the banking and financial needs of rural and semi-urban areas. They are a crucial factor in these regions' economic development and financial inclusion.
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