insurence exam AIC MT (Generalist & IT) Mock Test Series 2025 Current Affairs Business and Economy Banking Affairs
Which of the following statements about Regional Rural Banks (RRBs) is/are correct?
- The first RRB, Prathama Bank, was established in Moradabad, Uttar Pradesh, and sponsored by Punjab and Sindh Bank.
- Regional Rural Banks are regulated by the Reserve Bank of India and supervised by NABARD.
- The equity of RRBs is owned in the ratio of 50:15:35 by the central government, state government, and sponsor bank, respectively.
1
Only Statement 2 and 3
2
Only Statement 1
3
Only Statement 2
4
All the statements are correct
5
Only Statement 1 and 3