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    Question

    What was the role of private sector banks (PvSBs) in the

    implementation of the Lead Bank Scheme, as advised by the RBI? 
    A PvSBs were advised to act as Lead Banks in certain districts Correct Answer Incorrect Answer
    B PvSBs were advised to leverage on Information Technology and bring in their expertise in strategic planning. Correct Answer Incorrect Answer
    C PvSBs were advised to provide loans to the rural population. Correct Answer Incorrect Answer
    D PvSBs were advised to open branches in rural areas. Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Lead Banks were advised to ensure that PvSBs are more closely and actively involved in the implementation of the LBS, by leveraging on Information Technology and bringing in their expertise in strategic planning.

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