Banking GK Questions 2026

The lead bank is a coordinator, not a monopolist. It prepares the district credit plan, convenes the district forums through its Lead District Manager, brings banks and government departments to one table, watches for blocks and villages left without banking and reports progress to the state government and the Reserve…

The National Bank for Agriculture and Rural Development prepares a Potential Linked Credit Plan for each district, estimating sector by sector how much credit the district can absorb, taking account of its soil, irrigation, cropping pattern, livestock, infrastructure and non-farm activity.

The Reserve Bank constituted a High Level Committee under its Deputy Governor Usha Thorat to review the Lead Bank Scheme after four decades, and the committee reported in 2009.

By tying every village to one branch, the Service Area Approach had removed the borrower's choice: a farmer served badly by his service area branch could not take his account elsewhere, and competition between branches disappeared.

A branch's service area was drawn up of roughly fifteen to twenty-five villages, chosen on the twin tests of proximity and contiguity so that the cluster could actually be served and surveyed by the staff of one branch.

The Service Area Approach took effect from April 1989 and carried the logic of the Lead Bank Scheme down to the individual branch.

The State Level Bankers' Committee was constituted in 1977 as the apex forum of a state, where all the commercial banks, the regional rural banks, the cooperative banks, the state government and the Reserve Bank meet to review credit flow and agree on the state's annual credit plan.

The Block Level Bankers' Committee is the lowest forum of the Lead Bank Scheme and exists so that the branches of a block, the block administration and the field level development agencies can settle practical questions of credit flow together.

The District Consultative Committee is the working coordination forum of the district, bringing together all the banks operating there, the district administration and the development agencies, and it is chaired by the District Collector so that the administration and the banks sit together under one authority.

After the Gadgil Study Group recommended the area approach, the Reserve Bank appointed a Committee of Bankers under F. K. F. Nariman, which agreed with the area approach and added the mechanism that gave the scheme its name: each district should be allotted to one bank, which would act as…

The Study Group of the National Credit Council on the organisational framework for the implementation of social objectives, headed by Professor D. R. Gadgil, reported in 1969 that large parts of the country had no banking facility at all and recommended that credit be planned area by area, with a…

The Reserve Bank introduced the Lead Bank Scheme in December 1969, a few months after the nationalisation of fourteen major commercial banks in July of the same year, so the year is easy to anchor to the nationalisation year.

Under this Act the central or a state government may appoint a commission to inquire into any definite matter of public importance, and must do so if Parliament or the state legislature passes a resolution to that effect.

It is created by Article 280 of the Constitution, which requires the President to constitute it every fifth year or earlier to recommend the distribution of the net proceeds of taxes between the Union and the states, the principles governing grants-in-aid and other matters referred to it.

The Committee on Prevention of Corruption, appointed in 1962 under K. Santhanam, reported in 1964 and recommended a central body to oversee vigilance work in the government.

The National Commission on Farmers was set up in 2004 and from its second term was chaired by the agricultural scientist Professor M. S. Swaminathan, the geneticist associated with the Green Revolution in India.

The Committee on the Financial System of 1991 and the Committee on Banking Sector Reforms of 1998, both chaired by M. Narasimham, a former Governor of the Reserve Bank of India, set the agenda for liberalising Indian banking.

After the death of Potti Sriramulu and the creation of Andhra State in 1953, the government appointed the States Reorganisation Commission under Justice Saiyid Fazl Ali, with the historian K. M. Panikkar and the educationist Hriday Nath Kunzru as its other two members.

The Education Commission of 1964 to 1966, chaired by the physicist Dr Daulat Singh Kothari, was the first body to study education at every stage from the primary school to the university.

The commission was appointed in 1983 under Justice Ranjit Singh Sarkaria, a retired judge of the Supreme Court, to review the working arrangements between the Union and the states.