The Regional Rural Banks were established on the recommendations of the ______ on
Rural Credit.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Narsimha Committee
- The Regional Rural Banks were established on the recommendations of the Narsimha Committee on
Rural Credit on 2 October 1975 during the tenure of Indira Gandhi's government. The purpose was to include rural areas into the economic mainstream since around 70% of the Indian population was rural.