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Consider the following pairs:
1. Differential Rate of Interest (DRI) - Obligates all public sector banks to lend 1% of total lending to 'the poorest among the poor' at 4% interest rate.
2. Regional Rural Banks (RRBs) - Share capital contributed by GoI, State government, and sponsoring bank in the ratio 50:15:35.
3. Urban Cooperative Banks (UCBs) - Regulated solely by the RBI.
4. District Central Cooperative Banks (DCCBs) & State Cooperative Banks (SCBs) - Supervised by NABARD.
How many pairs given above are correctly matched?
  • a)
    Only one pair
  • b)
    Only two pairs
  • c)
    Only three pairs
  • d)
    All four pairs
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following pairs:1. Differential Rate of Interest (DRI) -...
1. Differential Rate of Interest (DRI) - Obligates all public sector banks to lend 1% of total lending to 'the poorest among the poor' at 4% interest rate.- Correct: The DRI scheme requires public sector banks to lend 1% of their total advances from the previous year to the poorest sections at an interest rate of 4% per annum.
2. Regional Rural Banks (RRBs) - Share capital contributed by GoI, State government, and sponsoring bank in the ratio 50:15:35.- Correct: The share capital of RRBs is indeed contributed by the Government of India, the concerned state government, and the sponsoring nationalized bank in the ratio of 50%, 15%, and 35% respectively.
3. Urban Cooperative Banks (UCBs) - Regulated solely by the RBI.- Incorrect: UCBs are under dual regulatory control. They are governed by the cooperative societies acts of the respective states for managerial aspects and by the RBI for matters related to banking.
4. District Central Cooperative Banks (DCCBs) & State Cooperative Banks (SCBs) - Supervised by NABARD.- Correct: Initially supervised by the RBI, the supervision of DCCBs and SCBs was later delegated to NABARD.
Thus, pairs 1, 2, and 4 are correctly matched, while pair 3 is incorrectly matched.
Answer: Option B
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Consider the following pairs:1. Differential Rate of Interest (DRI) - Obligates all public sector banks to lend 1% of total lending to 'the poorest among the poor' at 4% interest rate.2. Regional Rural Banks (RRBs) - Share capital contributed by GoI, State government, and sponsoring bank in the ratio 50:15:35.3. Urban Cooperative Banks (UCBs) - Regulated solely by the RBI.4. District Central Cooperative Banks (DCCBs) & State Cooperative Banks (SCBs) - Supervised by NABARD.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer?
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Consider the following pairs:1. Differential Rate of Interest (DRI) - Obligates all public sector banks to lend 1% of total lending to 'the poorest among the poor' at 4% interest rate.2. Regional Rural Banks (RRBs) - Share capital contributed by GoI, State government, and sponsoring bank in the ratio 50:15:35.3. Urban Cooperative Banks (UCBs) - Regulated solely by the RBI.4. District Central Cooperative Banks (DCCBs) & State Cooperative Banks (SCBs) - Supervised by NABARD.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following pairs:1. Differential Rate of Interest (DRI) - Obligates all public sector banks to lend 1% of total lending to 'the poorest among the poor' at 4% interest rate.2. Regional Rural Banks (RRBs) - Share capital contributed by GoI, State government, and sponsoring bank in the ratio 50:15:35.3. Urban Cooperative Banks (UCBs) - Regulated solely by the RBI.4. District Central Cooperative Banks (DCCBs) & State Cooperative Banks (SCBs) - Supervised by NABARD.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following pairs:1. Differential Rate of Interest (DRI) - Obligates all public sector banks to lend 1% of total lending to 'the poorest among the poor' at 4% interest rate.2. Regional Rural Banks (RRBs) - Share capital contributed by GoI, State government, and sponsoring bank in the ratio 50:15:35.3. Urban Cooperative Banks (UCBs) - Regulated solely by the RBI.4. District Central Cooperative Banks (DCCBs) & State Cooperative Banks (SCBs) - Supervised by NABARD.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer?.
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