Regional Rural Banks

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41. The maximum tenure of the Chairman and Managing Director of a Regional Rural Bank is:

a) 3 years

b) 5 years

c) 7 years

d) 10 years

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42. Which of the following banks is not a sponsor bank of Baroda Rajasthan Gramin Bank?

a) Bank of Baroda

b) Punjab National Bank

c) Union Bank of India

d) State Bank of India

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43. Regional Rural Banks are required to submit their audited financial statements to:

a) Reserve Bank of India

b) NABARD

c) Comptroller and Auditor General of India

d) Securities and Exchange Board of India

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44. The concept of Regional Rural Banks was first introduced in India as a part of the:

a) Industrial Development Strategy

b) Green Revolution

c) White Revolution

d) Rural Development Strategy

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45. Regional Rural Banks are prohibited from opening branches outside their sponsored state without the prior approval of:

a) Ministry of Finance

b) Reserve Bank of India

c) NABARD

d) State Government

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