Question

In which year was the Lead Bank Scheme, introduced to provide adequate banking and credit in rural areas through a 'service area approach', implemented?

A 1955 Correct Answer Incorrect Answer
B 1963 Correct Answer Incorrect Answer
C 1969 Correct Answer Incorrect Answer
D 1975 Correct Answer Incorrect Answer
E 1982 Correct Answer Incorrect Answer

Solution

On the recommendation of the Gadgil Study Group and Banker’s Committee, the Scheme was introduced by RBI in 1969

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