📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which committee recommended the 40% PSL target to be

    achieved by 1985, along with sub-targets for agriculture and weaker sections?
    A Gadgil Committee (1969) Correct Answer Incorrect Answer
    B Nariman Committee (1969) Correct Answer Incorrect Answer
    C Informal Study Group of RBI (1971) Correct Answer Incorrect Answer
    D Krishnaswamy Committee (1980) Correct Answer Incorrect Answer
    E Usha Thorat Committee (2009) Correct Answer Incorrect Answer

    Solution

    Explanation:  
    The Krishnaswamy Committee (1980) played a landmark role by recommending that PSL targets be set at 40% by 1985 , with specific sub-targets for agriculture and weaker sections. Prior to this, the Gadgil and Nariman Committees (1969) laid the groundwork through the Lead Bank Scheme, while the Informal Study Group (1971) formalized PSL in 1972 without explicit targets.  

    Practice Next
    More Current Financial Awareness Questions
    ask-question