Multiple choice

Regional Rural Banks (RRBs) are an important alternative channel to the cooperative credit structure and ensure sufficient institutional credit for the rural and agriculture sector. When was the first set of RRBs set up in India?

  1. 1975

  2. 1963

  3. 1952

  4. 1969

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A Correct answer
Explanation

The first Regional Rural Banks (RRBs) were established in India on October 2, 1975, following the promulgation of an ordinance.