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Consider the following statements:
1. Regional Rural Banks (RRBs) are jointly owned by the Central Government, State Governments, and sponsoring banks in the ratio of 50:35:15.
2. The Narasimham Committee's recommendations led to the establishment of RRBs under the RRB Act of 1976.
3. As of March 2023, the Gross Non-Performing Assets (NPAs) of RRBs were at 7.28%, the lowest in seven years.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    2 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. Regional Rural Banks (RRBs) are ...
- Statement 1: This statement is incorrect. The ownership structure of Regional Rural Banks (RRBs) is actually in the ratio of 50:15:35, not 50:35:15. The Central Government holds 50%, the State Government holds 15%, and the sponsoring bank holds 35%.
- Statement 2: This statement is correct. The Narasimham Committee indeed recommended the establishment of RRBs, which were then formed under the RRB Act of 1976. The primary objective was to provide credit and other facilities to small farmers, agricultural laborers, artisans, and small entrepreneurs in rural areas.
- Statement 3: This statement is correct. As of March 2023, the Gross Non-Performing Assets (NPAs) of RRBs were at 7.28%, which is noted as the lowest in the past seven years.
Thus, the correct statements are 2 and 3 only. Therefore, the correct answer is Option C: 2 and 3 Only.
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Consider the following statements:1. Regional Rural Banks (RRBs) are jointly owned by the Central Government, State Governments, and sponsoring banks in the ratio of 50:35:15.2. The Narasimham Committee's recommendations led to the establishment of RRBs under the RRB Act of 1976.3. As of March 2023, the Gross Non-Performing Assets (NPAs) of RRBs were at 7.28%, the lowest in seven years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements:1. Regional Rural Banks (RRBs) are jointly owned by the Central Government, State Governments, and sponsoring banks in the ratio of 50:35:15.2. The Narasimham Committee's recommendations led to the establishment of RRBs under the RRB Act of 1976.3. As of March 2023, the Gross Non-Performing Assets (NPAs) of RRBs were at 7.28%, the lowest in seven years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2 and 3Correct 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 statements:1. Regional Rural Banks (RRBs) are jointly owned by the Central Government, State Governments, and sponsoring banks in the ratio of 50:35:15.2. The Narasimham Committee's recommendations led to the establishment of RRBs under the RRB Act of 1976.3. As of March 2023, the Gross Non-Performing Assets (NPAs) of RRBs were at 7.28%, the lowest in seven years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2 and 3Correct 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 statements:1. Regional Rural Banks (RRBs) are jointly owned by the Central Government, State Governments, and sponsoring banks in the ratio of 50:35:15.2. The Narasimham Committee's recommendations led to the establishment of RRBs under the RRB Act of 1976.3. As of March 2023, the Gross Non-Performing Assets (NPAs) of RRBs were at 7.28%, the lowest in seven years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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