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    Question

    id="docs-internal-guid-6d5a45f4-d4a4-5068-617e-0d25036a3546" >Lead Bank Scheme (LBS) was introduced in 1969, based on the recommendations of?
    A Gadgil Study Group Correct Answer Incorrect Answer
    B Nariman committee Correct Answer Incorrect Answer
    C Narshimhan committee Correct Answer Incorrect Answer
    D Rangarajan Study Group Correct Answer Incorrect Answer
    E Both option 1 and 2 Correct Answer Incorrect Answer

    Solution

    On the basis of the recommendations of both the Gadgil Study Group and Banker’s Committee (Nariman Committee) Reserve Bank of India introduced the “Lead Bank Scheme” towards the end of 1969. To enable banks to assume their lead role in an effective and systematic manner, all districts in the country  were allotted among Public Sector Banks and a few Private Sector Banks.

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