Skip to content
GK24
Prime
Banking & FinanceMedium

What is the tenure of the High Level Committee on Banking for Viksit Bharat?

  1. A.Three months
  2. B.Six months
  3. C.One year
  4. D.Two years

Correct answer

B. Six months

Explanation

The correct answer is six months. The Government fixed that period when it constituted the panel, which means the committee must finish its review of banking practices, prudential norms, regulatory frameworks and capital needs and submit its recommendations within half a year. Option A, three months, is too short and does not match the order constituting the committee, whose brief runs across seven separate heads of reference including a roadmap for globally competitive banks. Option C, one year, and option D, two years, are both longer than the period actually granted; the Government chose a compact timeline so that reform proposals arrive quickly enough to serve the goal of a developed India by 2047. Candidates should link the tenure with the other core details: the Chairman is Suresh N. Patel, the Member Secretary is the Joint Secretary (Banking) of the Department of Financial Services, and the panel was promised in the Budget speech for 2026-27.

Read the full article: High Level Committee on Banking for Viksit Bharat Constituted

Practice Questions

Q1.Banking & FinanceEasy

Who has been appointed Chairman of the High Level Committee on Banking for Viksit Bharat?

  1. A.Shirish Chandra Murmu
  2. B.Suresh N. Patel
  3. C.Padmaja Chunduru
  4. D.N. S. Vishwanathan
Show answer
Correct answer: B. Suresh N. Patel

He is a former Central Vigilance Commissioner, and the Government has named him Chairman of the newly constituted High Level Committee on Banking for Viksit Bharat, the panel that will recommend structural, institutional, regulatory and legislative reform of the banking sector.

Q2.Banking & FinanceMedium

Besides the Priority Sector Lending framework, which scheme has the committee been asked to review?

  1. A.Lead Bank Scheme
  2. B.Pradhan Mantri Jan Dhan Yojana
  3. C.Pradhan Mantri Mudra Yojana
  4. D.Stand Up India Scheme
Show answer
Correct answer: A. Lead Bank Scheme

One head of the terms of reference asks the committee to review the Priority Sector Lending framework together with the Lead Bank Scheme, and to judge how relevant, effective and well coordinated the two remain in promoting inclusive, balanced and data-driven credit delivery in line with changing economic priorities and…

Q4.Banking & FinanceEasy

Which attraction has become the first in the United Arab Emirates to accept UPI for e-commerce bookings?

  1. A.Museum of the Future
  2. B.At the Top, Burj Khalifa
  3. C.Dubai Frame
  4. D.Ferrari World Abu Dhabi
Show answer
Correct answer: B. At the Top, Burj Khalifa

NPCI International Payments Limited enabled UPI there in partnership with NEOPAY and Emaar Entertainment, and this is the first attraction anywhere in the Emirates to take UPI for online commerce rather than only for scanning a merchant code.