GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug’15?

A	BankNiti
B	Seven Plan
C	Maulik Niti
D	Indradhanush

Explanation:

Detailed explanation-1: -Finance Minister Arun Jaitley in August 2015 launched INDRADHANUSH to revamp the functioning of.

Detailed explanation-2: -Capital for Public Sector Banks (PSBs) Under the Indradhanush Plan, action related to (i) Appointment (ii) Bank Board Bureau (iii) Capitalization (iv) De-stressing PSBs (v) Empowerment (vi) Framework of Accountability (vii) Governance Reforms has been initiated by the Government.

Detailed explanation-3: -Finance minister Arun Jaitley on Friday 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.

There is 1 question to complete.