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Question

The operational procedures of RRBs are similar to that of commercial banks, which have been known to be unfavourable with the rural masses.

A
True
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B
False
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Solution

The correct option is A True
The operational procedures of RRBs are similar to that of commercial banks, which have been known to be unfavourable with the rural masses- the following statement is true.Regional Rural Banks have been termed as small man's banks.The objective of RRB is to provide credit to:
(i) small and marginal farmers
(ii) rural artisans
(iii) small entrepreneurs
(iv) agricultural labourers
Regional Rural Banks (RRBs) operate under the supervision of NABARD.

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