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Q.

As an economic measure what is not true of merger of PSU Banks in India ?

[A] In India there are 21 PSU Banks

[B] Union cabinet recently decided to set up a Ministerial panel to consider the mergers

[C] The idea of bank mergers was recommended by M. Narasimham in 1991

[D] Concentration of Income and Wealth

Answer & Explanation
Answer: In 2014, P.J. Nayak Panel suggested to drop the proposal of bank mergers

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