economics easy MCQ

Regional Rural Banks (RRBs) in India were established primarily on the recommendations of which committee?

  1. Narasimham Committee
  2. Rangarajan Committee
  3. Shivaraman Committee
  4. Urjit Patel Committee

Answer: Narasimham Committee

The Narasimham Working Group (1975) recommended the creation of RRBs to bridge the credit gap in rural areas. They operate with a local orientation and lower cost structure, with their equity jointly held by the Government of India (50%), the concerned State Government (15%), and the Sponsor Bank (35%).

Topic Banking - Institutions
Exam Relevance SSC, Railway, Banking
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