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Question

Lead Bank Scheme was introduced in ______.

A
1967
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B
1969
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C
1971
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D
1975
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Solution

The correct option is C 1969
Lead Bank Scheme was established to bridge the credit gaps between the rich and the poor and to up the standard of living of the poor community. The basic idea was to have an area approach for better, focused banking. It was concluded that each district should be allotted with a particular bank which would act as a lead bank.

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