Q. Consider the recommendation of the Narasimham Committee on Banking reforms:
Which of the statements given above is/are correct?

1 only

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2 only

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Both 1 and 2

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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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Q. Consider the recommendation of the Narasimham Committee on Banking reforms: Which of the statements given above is/are correct?

Q. Consider the recommendation of the Narasimham Committee on Banking reforms:
Which of the statements given above is/are correct?