With reference to the Lead Bank Scheme consider the following statements 1 To promote bank...........

Economic Affairs Types of Banks and Banking

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With reference to the Lead Bank Scheme consider the following statements:

1. To promote banking facilities in the rural areas.

2. To regulate private banks more efficiently in rural areas.

3. To inculcate banking habits among rural masses.

4. To expand branch banking facilities for meeting the credit needs of the rural economy.

Which of the above is/are not included in the objectives of Lead Bank Scheme?

1, 2 and 3 only

2 only

1, 3 and 4 only

1,2,3 and 4

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Explanation:

2nd statement is incorrect.

The Lead Bank Scheme, introduced towards the end of 1969, envisages assignment of lead roles to individual banks (both in public sector and private sector) for the districts allotted to them. A bank having a relatively large network of branches in the rural areas of a given district and endowed with adequate financial and manpower resources has generally been entrusted with the lead responsibility for that district.