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 offices in each district
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there should be stiff competition among the various nationalized banks
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individual banks should adopt particular districts for intensive development
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all the banks should make intensive efforts to mobilize deposits
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Detailed explanation-1: -The basic aim of Lead Bank Scheme is that there should be stiff competition among the various nationalized banks and big banks should try to open offices in each district.
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, introduced towards the end of 1969, envisages the assignment of lead roles to individual banks (both in the public sector and private sector) for the districts allotted to them.
Detailed explanation-4: -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.