[amp_mcq option1=”State Financial Corporation in India” option2=”Commercial Bank in India” option3=”Co-operative Bank in India” option4=”Regional Rural Banks in India” correct=”option4″]
The correct answer is: D. Regional Rural Banks in India
The Chalapathi Rao Committee was constituted in 1985 to review the working of Regional Rural Banks (RRBs) and to suggest measures for their improvement. The Committee submitted its report in 1986.
The Committee made a number of recommendations for the restructuring of RRBs. These included:
- Increasing the capital base of RRBs
- Improving the management of RRBs
- Expanding the lending operations of RRBs
- Providing training to RRB staff
- Strengthening the supervision of RRBs
The Government of India accepted most of the recommendations of the Chalapathi Rao Committee. As a result, a number of measures have been taken to improve the functioning of RRBs. These include:
- Increasing the capital base of RRBs
- Improving the management of RRBs
- Expanding the lending operations of RRBs
- Providing training to RRB staff
- Strengthening the supervision of RRBs
As a result of these measures, RRBs have improved their performance in recent years. They have expanded their lending operations and have become more profitable. However, there are still some areas where RRBs need to improve. These include:
- Improving the quality of their lending portfolio
- Reducing their non-performing assets
- Improving their customer service
The Government of India is committed to improving the performance of RRBs. It has taken a number of measures to improve their functioning. As a result, RRBs have improved their performance in recent years. However, there are still some areas where RRBs need to improve. The Government of India is working to address these issues.
The other options are incorrect because:
- State Financial Corporation in India is a state-owned financial institution that provides financial assistance to small and medium enterprises.
- Commercial Bank in India is a type of bank that provides a range of financial services to individuals and businesses.
- Co-operative Bank in India is a type of bank that is owned and operated by its members.
- Regional Rural Banks in India are a type of bank that was established to provide banking services to rural areas.