Home »
MCQs »
Commerce MCQs »
Cooperative Society MCQs
Which was the first bank set up under the Regional Rural Banks Act in India?
7. Which was the first bank set up under the Regional Rural Banks Act in India?
- Himachal Gramin Bank
- Madras Bank
- Odisha Gramin Bank
- Gour Gramin Bank
Answer: D) Gour Gramin Bank
Explanation:
Gour Gramin Bank is an Indian Regional Rural Bank set up as a Gramin bank as far as arrangements of Regional Rural Banks Act 1976. It is supported by Punjab National Bank and is possessed by the Government of India (half of Share Capital Deposit), Govt. of West Bengal (15% of Share Capital Deposit), and Punjab National Bank (35% of Share Capital Deposit). It is under the responsibility of Finance, Government of India.