SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    M.S. Verma Committee is related with?

    A)  Restructuring of weak banks

    B)  Strengthening rural banks,

    C)  Microfinance

    D)  None of the above

    Correct Answer: A

    Solution :

    [a] The Reserve Bank of India, set up a Working Group under the chairmanship of Shri M.S. Verma, former Chairman, State Bank of India, to suggest measures for revival of weak public sector banks. The terms of reference were [a] criteria for identification of weak public sector banks, [b] to study and examine the problems of weak banks, [c] to undertake a case by case examination of the weak banks and to identify those which are potentially revivable and [d] to suggest a strategic plan of financial, organisational and operational restructuring for weak public sector banks.

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