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Answer : 4. "Jointly by all of the above"
RRB is owned by:
5Q:
RRB is owned by:
- 1Central Governmentfalse
- 2State Governmentfalse
- 3Sponsor Bankfalse
- 4Jointly by all of the abovetrue
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Answer : 4. "Jointly by all of the above"
Explanation :
According to the Act, RRBs are owned by the Central Government (50%), State Government (15%), and sponsor banks (35%). RBI has no ownership of RRBs.