Question

Match List I with List II 

 

• A. A - I, B - IV, C - II, D - III
• B. A - I, B - III, C - II, D - IV
• C. A - II, B - IV, C - I, D - III
• D. A - II, B - III, C - I, D - IV

Hint:

M. Narasimham (the father of financial sector reforms in India) is directly associated with the concept and establishment of Regional Rural Banks (RRBs - 1975). This connects C with I.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
Major banking schemes and credit institutions in India are established based on the recommendations of specialized committees set up by the Government of India or the RBI.

Step 2: Detailed Explanation:
Let us match the institutions/schemes with the committees that recommended them:
- Lead Bank Scheme: Recommended by the Study Group on Organizational Framework for Facilitating Agricultural Credit (under Prof. D.R. Gadgil) and formally endorsed by the Nariman Committee in 1969. (A - II)
- Differential Rate of Interest (DRI) Scheme: Recommended by a specialized RBI Committee (the Hazari Committee) in 1971 to provide low-interest loans to the weakest sections of society. (B - IV)
- Regional Rural Banks (RRBs): Recommended by the Narasimham Working Group on Rural Banks in 1975, led by M. Narasimham. (C - I)
- Agricultural Refinance & Development Corporation (ARDC): The setting up of a specialized national refinancing agency was recommended by the landmark All India Rural Credit Survey Committee (Gorwala Committee). (D - III)
Thus, the correct matching is A - II, B - IV, C - I, D - III.

Step 3: Final Answer:
The matching sequence corresponds to Option (C).