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Commerce · Q954

Insurance

Graduate and Post Graduate · Commerce · question 954

Q954

Which bank is the sponsor of Prathama Gramin Bank?

A.
Bank of Baroda
B.
Indian Bank
C.
Punjab National Bank
D.
Syndicate Bank
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Prathama Bank is the first Regional Rural Bank of India, established on 2nd October, 1975, sponsored by Syndicate Bank, with its Head Office at Moradabad in accordance with Regional Rural Bank Ordinance 1975 issued on 26th September, 1975 (Replaced later by Regional Rural Bank Act, 1976(2) of 1976 of Government of India).