Discussion
The share of State Govt in the capital of Regional Rural Bank is -
Answer: D
Correct answer: 15%
The capital of a regional rural bank is held in fixed proportions: the Central Government 50 per cent, the sponsor bank 35 per cent and the State Government 15 per cent.
The split reflects the three interests the design tried to combine. The Centre provided the policy impetus and the majority of the funds; the sponsor bank supplied management, training and commercial discipline; and the State Government brought local administrative support. The proportions have remained unchanged since the banks were established in 1975.
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