Multiple choice

Which of the following statements is incorrect?

  1. Micro Management of RRBs is in the hands of NABARD

  2. Inspection of co-operative banks/RRBs is a regulatory function of NABARD

  3. Credit Card issued by NABARD is known as Kisan Credit Card

  4. Board of Directors of NABARD comprises of 15 members including Chairman
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

NABARD does not handle the micro-management of Regional Rural Banks (RRBs); that is the responsibility of the sponsor banks and the RBI's regulatory framework.

Keep practicing — related questions