Discussion
Which of the following sentence is false
Answer: A
Correct answer: Nationalisation of commercial banks has achieved its objectives.
This is the false statement. Nationalisation achieved a great deal in reach - branch networks spread into rural India, deposits and priority sector credit grew enormously - but its objectives were not fully met: directed lending brought poor asset quality, weak recovery and mounting non-performing assets, and the reforms from 1991 onwards were a direct response to those shortcomings.
The other three statements are accepted. Private banks before 1969 were largely profit-driven and concentrated on industry and trade; nationalisation was motivated by the need to take credit to agriculture, small industry and weaker sections; and administrative efficiency did improve in several respects.
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development