The first RRB of India Prathama Bank was established in which year?

a. 1975

b. 1976

c. 1980

d. 1969

ANSWER: 1975

Explanation:

The first RRB, the Prathama Bank was established in the year 1975, with authorized capital of Rs. 5 crore.

The development process of RRBs started on 2 October 1975.

Also on 2 October 1976, five regional rural banks were set up with a total authorized capital Rs. 100 crore ($10 Million) which later augmented to 500 crores ($50 Million).