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Question
Consider the following statements regarding Indian planning:
  1. The Jalan Panel was set up by the RBI to scrutinize application for new bank licences.
  2. The Committee was headed by former RBI governor Dr Rajendra Jalan.
Which of the statements given above is/are correct?
Options:
A .  2 only
B .  1 and 2
C .  1 only
D .  None
Answer: Option C
Answer: (c)The Bimal Jalan panel which was set up by the RBI to scrutinize application for new bank licences has submitted its report. The Committee was headed by former RBI governor Dr Jalan.

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