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      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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