Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The basic aim of Lead Bank Scheme is that:

• A. Big banks should try to open offices in each district
• B. There should be stiff competition among the various nationalized banks
• C. Individual banks should adopt particular districts for intensive development
• D. All the banks should make intensive efforts to mobilize deposits

Answer 1

The correct option is C Individual banks should adopt particular districts for intensive development

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The Lead Bank Scheme, introduced towards the end of 1969, envisages assignment of lead roles to individual banks (both in public sector and private sector) for the districts allotted to them. The lead bank acts as a leader for coordinating the efforts of all credit institutions in the allotted districts to increase the flow of credit to agriculture, small-scale industries and other economic activities included in the priority sector in the rural and semi-urban areas, with the district being the basic unit in terms of geographical area.