Which one of the following States had the highest number of branches of Regional Rural Branches (RRBs)…
Regional Rural Banks (RRBs), set up under the Regional Rural Banks Act, 1976, provide credit to small farmers, labourers and small businesses in rural areas. In 2010 Bihar…
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Which one of the following States had the highest number of branches of Regional Rural Branches (RRBs) in 2010 ?
Answer and explanation
Correct answer A
Regional Rural Banks (RRBs), set up under the Regional Rural Banks Act, 1976, provide credit to small farmers, labourers and small businesses in rural areas. In 2010 Bihar had well over a thousand RRB branches, run by several large RRBs such as Uttar Bihar Gramin Bank, more than Madhya Pradesh and many times the networks in Haryana and Punjab. Haryana and Punjab, with smaller rural populations and dense commercial bank networks, had only a few hundred RRB branches each.
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UGC NET Economics