The first Regional Rural Banks in India were set up in the year
Question and options
The first Regional Rural Banks in India were set up in the year
1976
1977
1975
1974
Answer and explanation
Correct answer: C - 1975
The first regional rural banks, beginning with Prathama Bank, were set up on 2 October 1975 under an Ordinance. The Regional Rural Banks Act, 1976 later replaced the Ordinance, so 1976 is the year of the Act, not of the first banks.
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