IBPS RRB 2015 Important Interview Questions about RRBs
Hope you all must be gearing up for IBPS RRB Interview 2015 which will be conducted from second half of November 2015. Team Entrancegeek has lined up some useful articles with a view to help you prepare for these interviews.
To begin with, the aspiring candidate is expected to be having basic factual knowledge about Regional Rural Banks (RRB) in India
In this article we have provided all important information about RRBs from interview perspective.
(Q.1) In which year was the first RRB established?
Answer: Year 1975
(Q.2) Which committee recommended the setting up of RRBs?
Answer: The Narasimham Working Group during the tenure of PM Indira Gandhi’s government.
(Q.3) What was the primary objective behind setting up of RRBs?
Answer: To provide sufficient banking and credit facility for agriculture and other rural sectors and thereby include rural areas into economic mainstream
(Q.4) What is ownership structure of RRBs?
Answer: Central Government-50%, State Government- 15% and Sponsor Banks- 35%.
(Q.5) What are the activities that can be conducted by RRBs?
Answer: (i) Granting of loans and advances to small and marginal farmers and agricultural labourers, whether individually or in groups, and to co-operative societies, agricultural processing societies, co-operative farming societies, primarily for agricultural purposes or for agricultural operations and other related purposes. (ii) Granting of loans and advances to artisans, small entrepreneurs and persons of small means engaged in trade, commerce and industry or other productive activities within its area of co-operation and (iii) Accepting deposits.
(Q.6) Which was the first RRB to be established?
Answer: Prathama Bank sponsored by Syndicate Bank. In Moradabad, Uttar Pradesh
(Q.7) Which is the largest RRB in terms of branch network, staff strength and area of operation?
Answer: Uttar Bihar Gramin Bank, Sponsored by Central Bank of India
(Q.8) What are the sources of Fund for RRB
Answer: Sponsor Bank, short term and medium term loans from NABARD. Other sources are – SIDBI and Client Deposits
(Q.9) What is the total number of RRBs in India?
Answer: As on 31st March 2015, there are 56 RRBs in India – Source: RBI’s website
(Q.11)Which entity exercises regulatory control over RRBs?
(Q.12) How much is the Geographical area of operation of RRBs?
Answer: The area of operation of RRBs is limited to the area as notified by Government of India covering one or more districts in the State.
(Q.13) Which Indian states do not have any RRB as of now?
Answer: Sikkim and Goa