BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Big banks should try to open branches in each district
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Individual banks are given the responsibility to monitor the district credit plan for each adopted district
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The focus should be on priority sector lending
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All out efforts for maximum deposit mobilization in each designated district
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Detailed explanation-1: -In 1969 the Lead Bank Scheme introduced by the Reserve Bank of India. The objective of the scheme was the eradication of unemployment and underemployment.
Detailed explanation-2: -The Scheme aims at coordinating the activities of banks and other developmental agencies through various fora in order to achieve the objective of enhancing the flow of bank finance to the priority sector and other sectors and to promote banks’ role in the overall development of the rural sector.
Detailed explanation-3: -The Lead Bank Scheme is a scheme which aims at providing adequate banking and credit in rural areas through an ‘service area approach’, with one bank assigned for one area. It was introduced in 1969. On the recommendation of the Gadgil Study Group and Banker’s Committee, the Scheme was introduced by RBI.