Economics · Economy
NABARD's inspection of Regional Rural Banks (RRBs) is conducted under which authority?
- 1Direct statutory authority under the RBI Act
- 2Concurrent authority with the sponsor banks
- 3Statutory authority under the Banking Regulation Act / NABARD Act✓
- 4Direct executive authority of the Ministry of Finance
Correct answer
Statutory authority under the Banking Regulation Act / NABARD Act
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