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Consider the following statements about the Global Trust Bank and the Kelkar Committee. Which of the statements given above is/are correct

Consider the following statements about the Global Trust Bank and the Kelkar Committee. Which of the statements given above is/are correct?

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer:

(b)

Moderate

Explanation

The Kelkar Committee recommended abolishing exemptions on housing loans; Global Trust Bank was not merged with PNB.