Question

When was Regional Rural Bank established?

• A. August 1952
• B. July 1982
• C. October 1975
• D. April 1980

Hint:

Regional Rural Banks play a crucial role in providing credit facilities to rural areas and promoting financial inclusion.

Answer 1

The Correct Option is C

Step 1: Regional Rural Bank Overview.
Regional Rural Banks (RRBs) were established in 1975 under the Regional Rural Banks Act, with the objective of providing financial services to rural areas, especially for small-scale farmers and agricultural workers. The first RRB was set up in October 1975.
Step 2: Analysis of options.
- (A) August 1952: The Regional Rural Banks were not established in 1952.
- (B) July 1982: This is not the correct year for the establishment of RRBs.
- (C) October 1975: The correct date when the Regional Rural Banks were established.
- (D) April 1980: This is not the correct date.
Step 3: Conclusion.
Regional Rural Banks were established in October 1975, so the correct answer is (C) October 1975.