Public Administration Short Question | Gkseries

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