Regional Rural Banks

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11. Regional Rural Banks were set up with the objective of:

a) Promoting rural entrepreneurship

b) Providing affordable credit facilities in rural areas

c) Encouraging urbanization in rural areas

d) All of the above

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12. Who among the following is responsible for overseeing the overall operations of Regional Rural Banks?

a) Prime Minister of India

b) Governor of Reserve Bank of India

c) Chairman of NABARD

d) Chief Minister of the respective state

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13. Which of the following is not a key function of Regional Rural Banks?

a) Providing agricultural credit

b) Providing housing loans

c) Issuing debit cards

d) Offering savings and deposit schemes

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14. Regional Rural Banks were established to serve as a substitute for:

a) Cooperative Banks

b) Public Sector Banks

c) Private Sector Banks

d) Foreign Banks

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15. Regional Rural Banks are required to allocate a portion of their loan portfolio towards:

a) Priority sector lending

b) Industrial sector lending

c) International lending

d) Real estate lending

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