Banking · Regional Rural Banks
Consider the following statements regarding the objectives and functions of Regional Rural Banks (RRBs): I. They accept various types of deposits from the rural population, including savings accounts, fixed deposits, and recurring deposits. II. They provide credit facilities exclusively to large-scale urban industrial enterprises. III. They engage in microfinance activities by extending financial services to self-help groups (SHGs) and micro-entrepreneurs. IV. They offer agricultural credit, which includes crop loans, term loans for agricultural machinery, and credit for allied activities like animal husbandry and fisheries. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, III and IV
- 2II, III and IV Only
- 3I, II and III Only
- 4I, III and IV Only✓
Correct answer
I, III and IV Only
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