Solve this multiple-choice question and choose the correct option.

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Regional Rural Banks (RRBs) — supervisory responsibility since 1983: To which institution was the RBI’s responsibility for RRBs transferred? Identify the correct apex development bank. Choose the correct option.

Difficulty: Easy

Small Industries Development Bank of India (SIDBI)
National Bank for Agriculture and Rural Development (NABARD)
Industrial Development Bank of India (IDBI)
Export-Import Bank of India (EXIM Bank)

Correct Answer: National Bank for Agriculture and Rural Development (NABARD)

Explanation:

Given data

Since 1983, supervisory/oversight functions for RRBs shifted away from RBI.

Concept / ApproachNABARD, established in 1982, is India’s apex development bank for agriculture and rural development; in 1983, responsibility regarding RRBs was transferred to NABARD.

Why others are incorrectSIDBI focuses on MSMEs; IDBI was a development finance institution; EXIM Bank focuses on trade finance.

Regional Rural Banks (RRBs) — supervisory responsibility since 1983: To which institution was the RBI’s responsibility for RRBs transferred? Identify the correct apex development bank. Choose the correct option.

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