Question

The regional rural bank was set up in which five years plan to help low-income groups?

• A. First five year plan
• B. Third five year plan
• C. Fifth five year plan
• D. Seventh five year plan

Answer 1

The correct option is D Seventh five year plan

• Regional rural banks are local level organizations operating in the rural areas of different states of India. They help in providing basic finances to the rural farmers.
  
• In India, they started functioning from 1975.
  
• The regional rural bank was set up during Seventh five years plan.