Multiple choice

Which of the following has been specifically established to meet the requirements of credit of the farmers and villagers?

  1. ICICI Bank

  2. Regional Rural Banks

  3. State Bank of India

  4. EXIM Bank
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Regional Rural Banks (RRBs) were established in 1975 under the Regional Rural Banks Act specifically to provide banking services and credit to rural areas, particularly farmers and villagers. They combine the local feel and rural outreach of cooperatives with the professional discipline and regulatory framework of commercial banks. ICICI Bank and SBI are commercial banks serving broader segments, while EXIM Bank focuses on foreign trade.

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