Question

Q31) Indradhanush plan launched by the government aims to:

• A. a) To reduce the poverty
• B. b) To increase employment opportunity to youth
• C. c) To increase spending on infrastructure projects
• D. d) to revamp functioning of public sector banks.

Answer 1

The correct option is D d) to revamp functioning of public sector banks.

Ans: D

Explanation: Govt. launched a seven pronged plan-- Indradhanush--to revamp functioning of public sector banks.

The seven elements include appointments, board of bureau, capitalisation, de-stressing, empowerment, framework of accountability and governance reforms.

Banks board of bureau will replace existing appointments board. Its members would be appointed and to be headed by the RBI governor.

Banks board bureau would also hold bad assets of public sector banks.