Class 5 Exam > Class 5 Questions > The basic aim of Lead Bank Scheme is that ___...
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The basic aim of Lead Bank Scheme is that ___________.
- a)big banks should try to open offices in each district
- b)there should be stiff competition among the various nationalised banks
- c)individual banks should adopt particular districts for intensive development
- d)all the banks should make intensive efforts to mobilise deposits
Correct answer is option 'C'. Can you explain this answer?
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The basic aim of Lead Bank Scheme is that ___________.a)big banks shou...
The basic aim of the Lead Bank Scheme is that individual banks should adopt particular districts for intensive development. This means that each bank is assigned a specific district where it takes up the responsibility of promoting and coordinating the efforts of all the banks operating in that district. The Lead Bank becomes the focal point for all banking activities in the district and acts as a catalyst for development.
This scheme was introduced in India in 1969 by the Reserve Bank of India (RBI) and was aimed at ensuring that banking services reach the rural and unbanked areas of the country. The Lead Bank is responsible for mobilizing deposits, extending credit, and providing other essential banking services in the district.
The Lead Bank Scheme operates on the principle of "area approach" where the Lead Bank takes a holistic view of the district's development needs and coordinates with other banks to fulfill those needs. The Lead Bank identifies the potential areas of development, formulates strategies, and implements various programs to address the financial requirements of the district.
The Lead Bank Scheme also emphasizes the importance of financial inclusion and ensures that banking services are accessible to all sections of society. It aims to bring the unbanked population into the formal banking system and promote financial literacy and awareness.
Key Points:
- Lead Bank Scheme aims at intensive development of particular districts.
- Each bank is assigned a specific district where it takes up the responsibility of promoting and coordinating banking activities.
- The Lead Bank becomes the focal point for all banking services in the district.
- The scheme ensures that banking services reach rural and unbanked areas.
- It operates on the principle of "area approach" and takes a holistic view of the district's development needs.
- The Lead Bank mobilizes deposits, extends credit, and provides essential banking services in the district.
- The scheme promotes financial inclusion and aims to bring the unbanked population into the formal banking system.
This scheme was introduced in India in 1969 by the Reserve Bank of India (RBI) and was aimed at ensuring that banking services reach the rural and unbanked areas of the country. The Lead Bank is responsible for mobilizing deposits, extending credit, and providing other essential banking services in the district.
The Lead Bank Scheme operates on the principle of "area approach" where the Lead Bank takes a holistic view of the district's development needs and coordinates with other banks to fulfill those needs. The Lead Bank identifies the potential areas of development, formulates strategies, and implements various programs to address the financial requirements of the district.
The Lead Bank Scheme also emphasizes the importance of financial inclusion and ensures that banking services are accessible to all sections of society. It aims to bring the unbanked population into the formal banking system and promote financial literacy and awareness.
Key Points:
- Lead Bank Scheme aims at intensive development of particular districts.
- Each bank is assigned a specific district where it takes up the responsibility of promoting and coordinating banking activities.
- The Lead Bank becomes the focal point for all banking services in the district.
- The scheme ensures that banking services reach rural and unbanked areas.
- It operates on the principle of "area approach" and takes a holistic view of the district's development needs.
- The Lead Bank mobilizes deposits, extends credit, and provides essential banking services in the district.
- The scheme promotes financial inclusion and aims to bring the unbanked population into the formal banking system.
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The basic aim of Lead Bank Scheme is that ___________.a)big banks shou...
Lead Bank Scheme was launched in 1969 with the objectives of addressing the problem of unemployment, poverty and raising the living standard of the poor. Under the scheme, each district was assigned to different banks (private and public) to act as a consortium leader to coordinate the efforts of all banks in the district in matters like credit planning and branch expansion.
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The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer?
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The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer?.
The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer?.
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The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of The basic aim of Lead Bank Scheme is that ___________.a)big banks should try to open offices in each districtb)there should be stiff competition among the various nationalised banksc)individual banks should adopt particular districts for intensive developmentd)all the banks should make intensive efforts to mobilise depositsCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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