📝 Multiple Choice Question
Economics
The RBI launched the Lead Bank Scheme (LBS) to mobilise deposits and step-up lending to weaker sections of the economy. When was the scheme launched?
A
1973
B
1969
C
1962
D
1958
Explanation
Following the nationalization of banks and the recommendations of the Gadgil Study Group, the RBI introduced the Lead Bank Scheme in 1969 to foster localized rural banking development.
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