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Q. |
Regional Rural Banks arc sponsored by |
A. | Nationalized Commercial Bank |
B. | Reserve Bank of India |
C. | State Bank of India |
D. | Government of India |
Answer» A. Nationalized Commercial Bank | |
Explanation: The Narasimham committee conceptualized the foundation of regional rural banks in India. Five regional rural banks were set up on October 2. 1975. There were five commercial banks, viz. Punjab National Bank, State Bank of India, Syndicate Bank. United Bank of India and United Commercial Bank, which sponsored the regional rural banks. |
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