Civil Services Prep

Prelims 2012 · Economy · Question 80

The basic aim of Lead Bank Scheme is that

  1. Big banks should try to open offices in each district.
  2. There should be stiff competition among the various nationalized banks.
  3. Individual banks should adopt particular districts for intensive development.
  4. All the banks should make intensive efforts to mobilize deposits.

Answer

Individual banks should adopt particular districts for intensive development.

  • (a) Lead Bank Scheme does not mean every big bank must open offices in each district. It assigns a lead bank for a district to coordinate banking and credit planning. Verdict: Incorrect.
  • (b) The scheme was designed for coordination, not for creating stiff competition among nationalized banks. Verdict: Incorrect.
  • (c) Under the Lead Bank Scheme, a bank is assigned a particular district to survey it and promote intensive banking and credit-based development. Verdict: Correct.
  • (d) Deposit mobilization is one banking objective, but it is not the basic aim of the Lead Bank Scheme. Verdict: Incorrect.
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