Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — Individual banks should adopt a particular district for intensive development.
Concept & Option Breakdown
Standard Reference VerifiedThe Lead Bank Scheme (LBS) was introduced by the RBI in 1969 following the recommendations of the Gadgil Study Group and Nariman Committee. Under this scheme, an individual bank (designated as the 'Lead Bank') is allotted a specific district where it acts as a consortium leader to coordinate credit deployment, expand banking infrastructure, formulate District Credit Plans (DCPs), and spearhead intensive economic development.
The term 'Lead Bank' implies designating a specific leader bank for an area (district-level adoption model).
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