RBI Grade B Officer 28 May 2022 Paper

Question : 29 of 200

Marks: +1, -0

What is true about regional rural bank (RRB)

Created under the Banking Regulation Act, 1949.
It is owned by RBI and the Government of India.
Regional Rural banks caters to priority sector lending only.
Main objective to develop rural economy by providing credit facilities for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas.
All of these are correct

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