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Directions (1-15): In each of the questions given below an incomplete sentence which must be filled/ completed with one of the sentences/phrases given below i.e. one of the sentences/phrases can be fit into the given blanks. Choose the correct option and complete the given sentences.
After 1991, following the Narasimham Committee reports on financial sector reforms, development finance institutions __________________________________________.
was disbanded and got converted to commercial banks.
were disbanded and have been converted from commercial banking.
has been disbanded and get converted in commercial banks.
were disbanded and got converted to commercial banks.
None of these.
Correct Answer is (d).The correct answer choice is option (d) “were disbanded and got converted to commercial banks” is grammatically and contextually correct.
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