Economics · Regional Rural Banks
What is the primary objective of Regional Rural Banks (RRBs) in India?
- 1To act as the primary bankers to the Central and State Governments
- 2To develop the rural economy by providing credit for agriculture and other productive activities✓
- 3To finance foreign trade and manage international foreign exchange reserves
- 4To provide heavy industrial credit to urban manufacturing hubs
Correct answer
To develop the rural economy by providing credit for agriculture and other productive activities
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