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Q71 (CISF/2026) Economy › Money, Banking & Inflation

Which of the following statements about Regional Rural Banks (RRBs) in India is/are correct ? 1. The Ministry of Commerce and Industry, Government of India, and NABARD have consolidated all RRBs on the principle of One State One RRB. 2. A common logo for all RRBs has been unveiled recently. Select the answer using the code given below :

Result
Your answer: —  Â·  Correct: B

Explanation

Statement 1 is incorrect. The consolidation of Regional Rural Banks (RRBs) is a policy initiative of the Ministry of Finance (Department of Financial Services), not the Ministry of Commerce and Industry. The ongoing Phase-IV consolidation (effective May 1, 2025) follows the "One State One RRB" principle to improve operational efficiency and scale, reducing the total number of RRBs from 43 to 28.

Statement 2 is correct. In December 2025, the Ministry of Finance and NABARD unveiled a common logo for all 28 RRBs under the "One RRB, One Logo" initiative. This move aims to create a unified and modern brand identity for RRBs across India. The logo features an upward arrow (progress), hands (nurturing), and a flame (enlightenment), with colors representing trust (dark blue) and growth (green).

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SIMILAR QUESTIONS

CAPF · 2011 · Q43 Relevance score: 6.89

Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct ? 1. The basic aim of setting up the RRBs is to develop rural economy. 2. The area of RRBs is limited to a specific region comprising one or more districts. 3. RRBs are sponsored by Commercial Banks. Select the correct answer using the code given below :

IAS · 2023 · Q74 Relevance score: 2.49

Consider the following statements : 1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived. 2. In an SHG, all members of a group take responsibility for a loan that an individual member takes. 3. The Regional Rural Banks and Scheduled Commercial Banks support SHGs. How many of the above statements are correct?

CDS-I · 2004 · Q10 Relevance score: 2.06

Assertion (A): The regional rural banks though basically scheduled commercial banks, differ from them in certain respects. Reason (R) : The areas of regional rural banks is limited to specified regions comprising one or more districts of a State.

IAS · 2021 · Q35 Relevance score: 1.70

With reference to 'Urban Cooperative Banks' in India, consider the following statements : 1. They are supervised and regulated by local boards set up by the State Governments. 2. They can issue equity shares and preference shares. 3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966. Which of the statements given above is/are correct?

IAS · 2020 · Q49 Relevance score: 1.63

Consider the following statements : 1. In terms of short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks. 2. One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies. Which of the statements given above is/are correct ?