Q. Which of the following statements regarding Regional Rural Banks (RRBs) in India is / are correct?

1. They are directly regulated by the Reserve Bank of India (RBI).
2. They are not required to maintain statutory ratios such as Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR).

Select the correct option from the codes given below:
Answer: Only 2
Notes: Regional Rural Banks in India are supervised by NABARD, which functions under the guidance of RBI, rather than direct regulation by RBI. RRBs are exempt from maintaining CRR and SLR applicable to commercial banks. Thus, only the second statement is correct.