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Question

Q. Consider the recommendation of the Narasimham Committee on Banking reforms:

Which of the statements given above is/are correct?

A
1 only
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B
2 only
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C
Both 1 and 2
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D
Neither 1 nor 2
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Solution

The correct option is D Neither 1 nor 2
Explanation:

Statement 1 is incorrect:
It recommended that there should be no further nationalization of banks and private banks should be welcomed.

Statement 2 is incorrect: It recommended a decrease in Cash Reserve Ratio and Statutory Liquidity Ratio in a phased manner to provide more funds to banks to carry the business.

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