Module: General Practice
Q26: Which organization introduced the Lead Bank Scheme in December 1969?
✅ Correct Answer: D
The correct answer is Reserve Bank of India (RBI). The main goal of this scheme is to coordinate the work of banks, government groups, and development agencies through established meeting groups.
Working together helps achieve two main goals.
The first goal is to increase the flow of loan money to priority sectors so everyone can grow and benefit.
The second goal is to deepen financial inclusion by making it easier for people to access and use financial services.
Working together helps achieve two main goals.
The first goal is to increase the flow of loan money to priority sectors so everyone can grow and benefit.
The second goal is to deepen financial inclusion by making it easier for people to access and use financial services.
🧠 Real-World Scenario:
Imagine a rural farming district in 1968 had 5 different banks, but none of them were talking to each other or lending to farmers. Suddenly, the RBI realizes this chaos is slowing down India's growth.
According to the rules, they can fix this by launching the Lead Bank Scheme in 1969. This means one main bank is chosen as the "Leader" in each district to force all banks and govt agencies to work as a team.