Multiple choice

The main objective of the Regional Rural Bank is to

  1. provide credit and other facilities to small and marginal farmers, agricultural labour and artisans in the rural areas

  2. provide credit to the common people in rural areas

  3. take over the functions of the Agricultural Refinance Corporation of India

  4. supplement scheduled commercial banks
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A Correct answer
Explanation

Regional Rural Banks were specifically established to provide banking services to rural areas, with priority given to small and marginal farmers, agricultural labourers, and artisans. This is their core mandated objective.

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