Q. With reference to Regional Rural Banks (RRB), consider the following statements:
1.They were set up under the Regional Rural Banks Act, 1976.
2.They were set up on the recommendation of Abhijeet Sen Committee.
3.They ensure adequate credit supply for agriculture and other rural sectors.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C
Notes:

Regional Rural Banks (RRB) were set up under the Regional Rural Banks Act, 1976. They were set up on the recommendation of Narasimham Committee. They ensure adequate credit supply for agriculture and other rural sectors.

Source: Business Standard