Question

Regional Rural Banks (RRBs) were set up on ________ exclusively for meeting rural credit requirements.

• A. $2^{nd}$ Oct, 1975
• B. $1^{st}$ Apr, 1986
• C. ${15}^{th}$ Jan, 1969
• D. $1^{st}$ Nov, 1951

Answer 1

The correct option is A $2^{nd}$ Oct, 1975

Regional Rural Banks (RRBs) were set up on 2nd October,1978 exclusively for meeting rural credit requirements. It helps to uplift the village economy. It helps to promote and regulate the credit facilities for various purpose in the rural areas.