Consider the following statements with respect to the MUDRA Bank in India:

  1. The MUDRA Bank is responsible for Registration, regulation and accredition of Micro-finance Institutions.
  2. The MUDRA Bank come under the direct regulation of theRBI.

Which of the above is/are correct?

Answer: [C] Both 1 and 2

Both the statements are correct.

This question is a part of GKToday's Integrated IAS General Studies Module