Question

Which of the following statements is correct?
Regional Rural Banks in India _____________.
$1$. Are required to assist the weaker sections
$2$. Are to help the small and marginal farmers only
$3$. Have free access to liberal financial assistance from NABARD
$4$. Have a limited area of operation.

• A. $1,3$ and $4$ correct
• B. $2$ alone is correct
• C. $2$ and $3$ are correct
• D. $1$ and $4$ are correct

Answer 1

Answer: (A)

$1,3$ and $4$ correct

Statement $\left(2\right)$ is wrong because the main objective of Regional Rural Banks(RRBs) is to provide credit and other facilities particularly to the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs. The area of RRBs is limited to a specified region comprising one or more district. Also RRBs are provided liberal financial assistance and refinance facilities from NABARD.