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Which one of the following is the basic objective for the setting up of Regional Rural Banks (RRBs) in India?
A) Development of more diverse banking systems in Indian money market
B) Diversification of scheduled commercial banking systems in India to tap the deposit potential of rural areas
C) Development of rural area by providing credits to agriculture, trade, commerce and other productive activities in rural areas
D) Both 'a' and 'b'
Correct answer:
C) Development of rural area by providing credits to agriculture, trade, commerce and other productive activities in rural areas
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