Economics · Banking Sector Reforms
With reference to the recommendations of the Narasimham Committee (1991) on the financial system, consider the following statements: Statement I: The committee recommended a phased reduction in the Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR). Statement II: The committee recommended that the directed credit programmes (priority sector lending) should be promoted and expanded. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is false but Statement II is true
- 2Statement I is true but Statement II is false✓
- 3Both Statement I and Statement II are false
- 4Both Statement I and Statement II are true
Correct answer
Statement I is true but Statement II is false
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