New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following committees recommended the

    introduction of "Priority Sector Lending Certificates" (PSLCs) to allow banks to meet their PSL targets?
    A Raghuram Rajan Committee on Financial Sector Reforms (2008) Correct Answer Incorrect Answer
    B MV Nair Committee (2012) Correct Answer Incorrect Answer
    C Nachiket Mor Committee (2014) Correct Answer Incorrect Answer
    D Lily Vadera Committee (2015) Correct Answer Incorrect Answer
    E Dr. K.S. Krishnaswamy Committee (1980) Correct Answer Incorrect Answer

    Solution

    The Raghuram Rajan Committee recommended the introduction of PSLCs as a mechanism to allow banks to meet their PSL targets by buying certificates from banks that exceeded their targets.

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