Lead Bank Scheme was recommended by:
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Nariman Committee: Recommended the Lead Bank Scheme.
Lead Bank: The bank that coordinates the activities of all banks in a district.
- Dandekar Committee
- Nariman Committee
- V.L. Mehta Committee
- Chidambaram Committee
The Correct Option is B
Solution and Explanation
This question tests knowledge of the Indian banking system, specifically the introduction of the Lead Bank Scheme.
Step 2: The Lead Bank Scheme:
The Lead Bank Scheme (LBS) was introduced in 1969 by the Reserve Bank of India (RBI).
The primary objective of the scheme was to provide a significant role for banks in the development of a district.
It assigns a specific bank to each district to act as a "lead bank" and coordinate the activities of all banks in that district.
The scheme was recommended by a study group.
Step 3: Identifying the Recommending Committee:
The Lead Bank Scheme was recommended by the Nariman Committee (also known as the Banker's Committee).
The committee, led by F.K. Nariman, recommended the adoption of the area approach for expanding banking services to rural areas.
The committee's recommendations led to the introduction of the Lead Bank Scheme.
Step 4: Final Answer:
The Lead Bank Scheme was recommended by the Nariman Committee. Therefore, option (B) is correct.
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