Pratham Bank, the first Regional Rural Bank of India, had its Head Office in which state?

The correct answer is D, Uttar Pradesh. Prathama Bank, the first Regional Rural Bank of India, opened on 2 October 1975 with its head office at Moradabad in Uttar Pradesh, sponsored by Syndicate Bank. It was one of the first five RRBs set up that day under an ordinance that became the Regional Rural Banks Act 1976, following the recommendation of the Narasimham working group of 1975. Their capital is shared 50 per cent by the Central Government, 15 per cent by the State Government and 35 per cent by the sponsor bank; they are regulated by the RBI and supervised by NABARD. Option A is wrong because Prathama Bank never sat in Rajasthan; that state's first RRB was the Jaipur-Nagaur Anchalik Gramin Bank, another of the first five. Option B is wrong because none of the first five RRBs was in Madhya Pradesh. Option C is wrong because Punjab was not in the first batch either; the other first-day banks were in Uttar Pradesh, Haryana, West Bengal and Rajasthan. Exam tip: first RRB = Prathama Bank, Moradabad (UP), 2 October 1975, sponsor Syndicate Bank; shareholding 50:15:35.