BNK · S02Introduction to Modern Banking System, Overview of the Banking Framework and Regulatory Structure in IndiaAsked in 3 of 7 papers (Dec ’23, Jun ’24, Jan ’25)
Which statement accurately describes Phase-IV of the ‘One State-One RRB’ consolidation?
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AIt reduced the number of RRBs from 43 to 28 with effect from 1 May 2025
BIt converted every RRB into a private sector bank on 1 April 2025
CIt increased the number of RRBs from 28 to 43 to improve local competition
DIt abolished RRBs and transferred all rural banking to urban co-operative banks
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