Consider the following statements about the establishment and structure of Regional Rural Banks (RRBs) in India:

1. RRBs were established under the Regional Rural Banks Act, 1976.

2. The main purpose of RRBs is to provide credit to agriculture and other rural sectors.

3. Each RRB is required to have a minimum of 50 branches in rural areas.

Which of the statements given above is/are correct?

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
More than one of the above
5
None of the above

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