Economics · Banking in India
The 'Lead Bank Scheme', introduced in 1969 by the RBI, assigned what primary responsibility to designated banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To lead public protests against credit shortfalls
- 2To act as the main bank for a specific district to coordinate banking activities✓
- 3To lend exclusively to heavy and large industries
- 4To print and distribute localized currency notes
Correct answer
To act as the main bank for a specific district to coordinate banking activities
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