Q9 · UPSC current affairs · 9 October 2026 · News · State Level Bankers Committee SLBC RBI guidelines

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Consider the following statements regarding the State Level Bankers' Committee (SLBC):1.SLBC is chaired by the Union Minister of Finance.2.SLBCs have been mandated to report Scheduled Caste (SC) beneficiary data under central credit and entrepreneurship schemes.

A Both 1 and 2
B Neither 1 nor 2
C 1 only
D 2 only

Correct answer: (d) 2 only

Explanation

Statement 1 is incorrect because the SLBC is chaired by the Chairman and Managing Director (CMD) of the designated Lead Bank of the respective State, not the Union Finance Minister. Statement 2 is correct as SLBCs/UTLBCs are mandated to report SC beneficiary data under central schemes.

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