
Which one of the following committees was constituted to bring reform in the Indian Banking System?


Important Questions on Indian Economy



Select the incorrect one/(s) about the Regional Rural Banks (RRBs) in India from the given statements using the codes given below
. They are now being merged with the public sector banks under whom they used to function.
. The original mandate of their clientele has now been abolished
. They cannot forward advances at commercial interest rates.



Select the correct one/ones about a Local Area Banks (LABs) using the code given below
. They ensure focussed savings and credit mobilisation by defining their clear boundary of operation.
. They operate in narrow geographical area of three continuous districts.
. Private sector is allowed to enter the segment.

Select the correct one/ones about the Banking Financial Supervision (BFS) in India
. The RBI performs financial supervision function under the guidance of the Board for Financial Supervision (BFS).
. Primary objective of BFS is to undertake consolidate supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.
