Question

The institutional structure of rural banking in contemporary India consists of a set of multi-agency institutions, namely, ___________.

1. Regional Rural Banks
2. Cooperative Banks
3. Land Development Banks
4. Commercial Banks

Options

• (i) and (iv)

• (i), (iii) and (iv)

• (i), (ii) and (iii)

• (i), (ii), (iii), and (iv)

Answer 1

(i), (ii), (iii), and (iv)

Explanation:

• The institutional structure of rural banking in contemporary India includes regional rural banks (RRBs), cooperative banks, land development banks, and commercial banks.
• These institutions work together to provide financial services, including credit and savings, to rural areas, supporting agriculture, rural development, and small businesses.
• Each plays a unique role in promoting financial inclusion in rural India.