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    Question

    Select the incorrect one/(S) about the Regional Rural Banks (RRBs) in India from the given statements using the codes given below 

    1 . They are now being merged with the public sector banks under whom they used to function.

    2 . The original mandate of their clientele has now been abolished.

    3 . They cannot forward advances at commercial interest rates.

    A 1 only Correct Answer Incorrect Answer
    B 1 & 2 Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 & 3 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Role of RRBs 1. To accept deposit 2. To grant advances 3. To provide ancillary banking services 4. To supply inputs and equipments to farmers 5. To provide assistance in the marketing of their products 6. To maintain godowns 

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